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. http://fortune.com/2016/09/23/hillary-clinton-inheritance-tax-billionaire-estates/ (September 23, 2016). Mrs. Clinton has […]