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Political Leadership Tag

Implications of New Leadership in the White House

The White House

Regardless of the outcome of this election, we can be certain that the future of estate taxes is uncertain.Both major party candidates for president have set out proposals for changes in US fiscal policy.  Fiscal policy is not set solely by the president, but if the president has cooperation from Congress, he or she can have a major impact.Current federal estate tax law exempts estates worth $5.45 million or less ($10.9 million for a married couple). Estates worth less than $5.45 million will not pay any estate tax at all.  According to a 2015 report from Congress’s Joint Committee on...

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