Tags » Estate Tax

Politics and Federal Estate Tax 2016

The IRS calls the estate tax “a tax on your right to transfer property at your death.” https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax (September 23, 2016). Democratic presidential candidate Hilary Clinton has reportedly suggested that individuals giving more than 500 million dollars in gross assets upon death should be taxed at 65 percent. 142 more words

When is government confiscating 65% of ones accumulated life assets fair?

I will never pay an estate tax (unless I hit it big in the lottery which I plan on doing).

You may not care a hoot about this issue, I doubt many Americans do. 343 more words


For the Middle Class – Dawn of the 100% Estate Tax

There’s a new financial threat to the American middle class–one already sucking $40-billion/yr. (by some estimates) from cash-strapped children and destroying the lives of countless older white Americans–Guardianship fraud.  1,253 more words

Daily News

Federal Gift and Estate Law in 2016 and Beyond

By Mary Randolf

For the foreseeable future, the federal estate tax will continue to affect only the richest families in America. Under legislation passed by Congress on New Year’s Day 2013, the estate tax exemption was made permanent at the $5 million 2012 rate, but adjusted for inflation each year. 431 more words


Deconstructing the Trust Fund Loophole

With some rhetorical license, the White House fact sheet describes IRC §1014 as the “trust fund loophole” and goes on to suggest that it may be “the largest single loophole in the entire individual income tax code.” Section 1014 provides that “the basis of property in the hands of a person acquiring the property from a decedent or to whom the property passed from a decedent … be the fair market value of the property at the date of the decedent’s death.” The basis of an appreciated asset is said to be “stepped-up” at death. 164 more words

President targets inherited assets in middle class tax reform

After the American Taxpayer Relief Act of 2012 (ATRA-2012) (Pub L 112-240, 126 Stat 2313), many in the estate planning community thought that tax law dealing with estates and trusts was settled for some time. 125 more words

Debate Prep: The Candidates' Estate Tax Plans

By David Herzig

With the first Presidential debate tonight, we are sure (or at least I hope) to hear about various tax plans.  I would expect that the estate tax would be a topic of conversation since there is such a sharp contrast between the candidates.   1,487 more words