WASHINGTON — The good news for food retailers is that the estate tax has officially been repealed. The bad news is that nobody knows how long it will last — or what form it might take when it does return.
As 2009 came to a close last week, the estate tax — a 45% levy on inherited wealth that impacts family-owned businesses — was officially repealed, thanks to legislation enacted in 2001. However, it is slated to return at a 55% rate in 2011.
“None of us can believe they