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Taxes, Taxes and More Taxes


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My phone is abuzz these days. With the prospect for higher income and estate taxes looming, more people want to talk about financial planning. The tax hikes may not all be just for the super-rich either.
Here’s a quick review of the tax proposals floating around the Beltway and some of the planning ideas we are reviewing with clients. For a deeper dive, join our in-house tax team for a webinar on May 11, 4pm EST, register here: Estate and Income Tax Proposals & Planning.
Estate Tax Proposals
Sen. Bernie Sanders of Vermont introduced an 18-page bill, the “For the 99.5% Act.” The act calls for lowering the federal estate tax exemption at death for individuals from the current $11.7 million ($23.4 million if married) to $3.5 million ($7 million if married) at death. Estates under the exemption amount are not subject to the federal estate tax at death. ....

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