Few expected that American billionaires could die without federal taxation of their estates. However, that’s the situation we have in 2010. George Steinbrenner and other billionaires have died this year and, under current law, their estates owe no federal estate tax. There have been several pieces of legislation which would reinstate the estate tax. Some would do so retroactively. But, would retroactive legislation pass constitutional muster? In Untermyer v. Anderson, 276 U.S. 440 (1928), the … [Read more...] about Can Congress Reinstate the Estate Tax Retroactively?