Federal estate tax may pass away



During his political campaign, Donald J. Trump made many stunning proposals, such as building the wall or banning citizens from certain countries. Like many of his political proposals, Trump’s tax proposals are stopping people in their tracks. For example, he proposes to eliminate the federal estate tax.

In the early years of the United States, there was an inheritance tax that applied to beneficiaries. The Revenue Act of 1916 created a tax on the transfer of wealth from an estate to its beneficiaries. Therefore, the tax was levied upon the estate. This . . .

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