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Two Problems with Trump’s Estate Tax Proposal: Reconciliation and Carryover Basis

November 20th, 2017

In April, President Trump proposed a tax plan that, among other cuts, eliminates the estate tax altogether.  The current federal estate tax is 40% on estates exceeding $5.49 million.  While ending the tax might seem beneficial at face value, it could have serious implications for estate planning and end-of-life decision making.  There are two problems…

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