What You Need to Know About the Federal Estate Tax: U.S. Federal Estate Tax Return

What You Need to Know About the Federal Estate Tax

What You Need to Know About the Federal Estate Tax: U.S. Federal Estate Tax Return

“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

NC State Surplus Property Agency - Main Link   It is a listing of stuff that they seized and are selling over the internet (in Raleigh).

NC State Surplus Property Agency - Main Link It is a listing of stuff that they seized and are selling over the internet (in Raleigh).

In the News   While legislators have been considering modifying or eliminating the mortgage interest tax deduction, a Pew Charitable Trusts study shows the rate at which the deduction is claimed varies widely by region.  In 2012, 34 million households claimed the deduction, costing the federal government $68 billion, according to congress’s Joint Committee on Taxation. The deduction is one of the most costly federal tax expenditures.  While 22 percent of tax payers claim the deduction...

In the News While legislators have been considering modifying or eliminating the mortgage interest tax deduction, a Pew Charitable Trusts study shows the rate at which the deduction is claimed varies widely by region. In 2012, 34 million households claimed the deduction, costing the federal government $68 billion, according to congress’s Joint Committee on Taxation. The deduction is one of the most costly federal tax expenditures. While 22 percent of tax payers claim the deduction...

The exemption from federal estate taxes has gradually increased over the years while the estate tax rate has gradually decreased. Here you will find a chart that shows the increases in the exemption and decreases in the tax rate from 1997 through 2015.

See How the Federal Estate Exemption Has Changed Since 1997

The exemption from federal estate taxes has gradually increased over the years while the estate tax rate has gradually decreased. Here you will find a chart that shows the increases in the exemption and decreases in the tax rate from 1997 through 2015.

What Your Taxes Will Look Like In Obama's Second Term

Here's What Your Taxes Will Look Like In Obama's Second Term

One of the primary estate planning concerns for most clients is estate taxes.  Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible.  The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.

One of the primary estate planning concerns for most clients is estate taxes. Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible. The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.

The White House has outlined a plan to give the nation’s millionaires and billionaires a massive tax break while adding trillions of dollars to the U.S. deficit. The plan would lower the corporate tax rate to 15 percent, end the estate tax and end the alternative minimum tax—a move that would solely benefit the richest Americans, including President Trump. A leaked 2005 tax return shows Trump paid out $36.6 million in federal income taxes that year—most of it due to the alternative minimum…

The White House has outlined a plan to give the nation’s millionaires and billionaires a massive tax break while adding trillions of dollars to the U.S. deficit. The plan would lower the corporate tax rate to 15 percent, end the estate tax and end the alternative minimum tax—a move that would solely benefit the richest Americans, including President Trump. A leaked 2005 tax return shows Trump paid out $36.6 million in federal income taxes that year—most of it due to the alternative minimum…

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