As Congress mulls how to get more revenue from higher-income taxpayers, the nonpartisan Joint Committee on Taxation has released an interesting background report on the current taxation of wealth and high incomes. Details are in the issue of Estate Planning Briefs.
Other briefly noted items include:
• “For the 99.5% Act”
• “The American Families Plan”
• Pushback on estate tax hikes
• Extension granted for QDOT notification
• The $10.8 billion inheritance tax
When you or your clients are in need of fiduciary services, please keep TI-TRUST in mind.
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