The IRS has extended favorable tax treatment worth billions to struggling banks like Citigroup that benefited from government bailout money. But what does that mean for people who bankrolled the bailout? John Dimsdale reports.
A group of some of America's wealthiest people are campaigning for the federal estate tax, which affects estates larger than $3.5 million, to extend beyond 2011. The tax will raise $14 billion this year alone. Brett Neely reports.
What do you do if you're a lawmaker and you need to raise money? Congressional Democrats have an answer in mind -- a new tax on trades on Wall Street. Nancy Marshall Genzer reports on how it might work.
Thanks to a legislative compromise, the nation's 45% estate tax drops to zero in 2010. But it'll come back with a 55% vengeance in 2011. John Dimsdale explores the "throw mama under the train" aspect of the current estate tax law.