WITHIN weeks after Congress extended tax relief to Americans everywhere, our state government struck back! Not only did Springfield increase income taxes by two-thirds as a parting blow to the Illinois economy, but the government also reimposed the Illinois death tax. In 2010 the Illinois estate tax expired along with the federal estate tax. At expiration of the 2001 Tax Act on Dec. 31, 2010, the federal estate tax was set to return on all estates exceeding 1 million dollar. At the last minute, Congress amended the law to increase that exemption fivefold. However, as the Illinois lame ducks took flight, they were carried by different political winds.
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