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Doubling Estate Tax Exemption Would Give Windfall to Heirs of Wealthiest Estates


#1

Doubling Estate Tax Exemption Would Give Windfall to Heirs of Wealthiest Estates

Chye-Ching Huang

Even today, only the largest 0.2 percent estates face the tax; the other 99.8 percent face no estate tax at all.

"To put that $4.4 million tax cut in perspective, it’s about the same as the cost of Pell Grants for 1,100 low- and moderate-income students to help them afford college."

#2

What if the uber rich could leave behind morals and critical thinking skills to their progeny. Oh, never mind; money and the love of it is all they seem to have.


#3

This is actually the second time in 5 years that the exemption was doubled for high wealth couples. In the previous action they did this by by making the exemption portable to your spouse (i.e. when one person dies then the spouse still keeps two exemptions for their estate). I see the importance of some exemption - especially when the beneficiaries are children who will have housing, food, education, etc… expenses. But $22 million does not make any sense.