Center on Budget and Policy Priorities: Problems with Estate Tax Proposal in Senate

The Center on Budget and Policy Priorities opined that a proposal in the Senate to further raise the estate tax exemption amount from $3.5 million to $5 million for an individual and lower the maximum rate from 45 percent to 35 percent is flawed, uses "gimmicks" to mask the true costs of it, and should not be revived.

Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.