First, estate taxes are due only on the portion of an estate's value that exceeds the exemption level; at the 2015 exemption level of $5.43 million, a $6 million estate would owe estate taxes on $570,000 at most.. Today, 99.8 percent of estates owe no estate tax at all, according to the Joint Committee on Taxation. [3] Only the estates of the wealthiest 0.2 percent of Americans -- roughly 2 out of every 1,000 people who die -- owe any estate tax.
However, Studebaker's financial problems were worse than the Packard executives thought. The Packard marque was phased out, and the company returned to the Studebaker Corporation name in 1962. The South Bend plant ceased production on December 20, 1963, and the last Studebaker automobile rolled off the Hamilton, Ontario, Canada, assembly line on March 16, 1966.
In 2004, DeSilva-Gates took delivery on the single largest scraper deal in Peterson's history ... twenty-four CAT 657E, dual-engine, 51 cubic yd. scrapers. The order took up a large chunk of Caterpillar's production capacity at its Decateur scraper plant for months on end.n 1939, Oliver DeSilva made his first purchase from Peterson Tractor & Equipment Co. Through the years, Peterson and DeSilva have forged a partnership which has pushed both companies to the top of their respective fields.