estate tax

How Do Estate And Inheritance Taxes Affect Entrepreneurs?

A new paper and brief explore how estate and inheritance taxes (or wealth transfer taxes) affect entrepreneurs and would-be entrepreneurs. It is a contentious issue...

March 6, 2018Leonard E. Burman Robert McClelland Chenxi Lu

Campaigns, Proposals, and Reforms: TaxVox

Only 1,700 Estates Would Owe Estate Tax in 2018 Under the TCJA

The House and Senate versions of the Tax Cuts and Jobs Act would reduce the number of taxable estates by about two-thirds in 2018, and...

December 6, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act The Senate’s version of the Tax Cut and Jobs Act (TCJA) is a big,...

December 5, 2017Howard Gleckman

: TaxVox

Repealing The Estate Tax Could Allow Heirs Of The Very Wealthy To Avoid Tax On Capital Gains

he House is expected to vote today to reduce, then repeal the estate tax. The tax currently applies to only about 5,000 of the nation’s...

November 16, 2017Robert McClelland

: TaxVox

The Unintended Consequences of Killing the Estate Tax

The United Framework for tax reform outlined last week by the congressional Republican leadership and the Trump Administration included a proposal to eliminate the estate...

October 9, 2017Daniel Berger

: TaxVox

Bye Bye Tax Reform, Hello Tax Relief

On Sunday, top presidential adviser Kellyanne Conway made an important rhetorical pivot: The Trump Administration may no longer be pushing for tax cuts or even...

January 24, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

"I was framed!" Or, the Case of the Tax Policy Overpowered by Words

The other day, a Daily Deduction reader asked why I used the phrase “tax relief” as a synonym for “tax cuts.” He suggested that “relief” is a loaded term that implies taxes are too high and therefore bad, and that tax cuts, in turn, are good. That hadn’t occurred to me.

August 3, 2016Renu Zaretsky

Individual Taxes: TaxVox

A Case of Love, Death, Estates, and Taxes

I was 12 when I first heard “Little Red Corvette,” a profoundly racy song by the late musician Prince. I didn’t really understand the lyrics but remember shouting, “I love this song!” Even though English was their second language, my parents caught its meaning and were not fans. I just rolled my eyes, thinking “What’s wrong with a car?”

May 4, 2016Renu Zaretsky

: TaxVox

Death and Taxes: Certainty and Conflict

The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed . The Joint Committee on Taxation estimates that 5,400 estates will face the

April 16, 2015Renu Zaretsky

Individual Taxes: TaxVox

Busting Myths for Tax Day

Since Tax Day is tomorrow, it seems like a good time to bust a few myths about taxes. Here are five of the biggest misperceptions about the federal revenue code. Most of the info comes from two sources: the Tax Policy Center’s Tax Topics (a trove of great information about who pays what) and the

April 14, 2015Howard Gleckman