President Trump recently released his tax reform plan. The proposal aims to drastically cut corporate and individual taxes. Continue reading President Trump’s Tax Proposal
Tag: estate taxes
Obama and Death Taxes
President Obama spoke about the future of federal estates tax during his recent bus tour through the Midwest. A family farmer expressed her concern about the pending return of the 2001 federal estate tax exemption in 2013. If Congress and the President fail to act, the federal estate tax exemption per person will drop to $1,000,000, commencing January 1, 2013. The exemption is currently $5,000,000 per person.