CBO: Federal Estate and Gift Taxes

Federal Estate and Gift Taxes, Economic and Budget Issue Brief, December 18, 2009.

  • “The scheduled repeal of the estate tax in 2010, followed by a reversion to a $1 million effective exemption amount thereafter, has raised interest in modifying the estate tax. Proposals include making permanent the repeal of the estate tax; maintaining the current system of estate taxation, with estates paying tax on amounts exceeding a specified exemption amount; and replacing the estate tax with an inheritance tax. The House of Representatives recently passed legislation (H.R. 4154) that would permanently retain the estate and gift taxes at the parameters in place for 2009.”
    • LinkedIn
    Posted in: Congress, Government Documents, Legislation
    ➤