Marie Sapirie argues that the American Families Plan is likely an opening bid in what will invariably be a longer process of putting a capital gains tax rate increase into effect.
Renewed Treasury focus on estates could mean tax hikes for rich
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
March 15, 2021 4 MINS
Estate planners are keeping a close eye on the Treasury Department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.
Estates, gifts and trusts were among the regulatory areas significantly cut back under former President Donald Trump. Planned projects in that area were reduced to about a quarter of what was included in the Obama administration’s last priority guidance plan.
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