The Estate Tax - Being Revived?

This past week was a big one for the venerable estate tax, now 102 years old – Revenue Act of 1916 passed September 8, 2016.  Democrats put forth proposals for stiffening the estate tax – by decreasing the exclusion, increasing the rate and eliminating certain planning techniques (so-called “loopholes”, some of which are currently officially sanctioned by Congress in the estate tax statutes).  Senator Warren advocated a wealth tax.  The Washington Post alone had eight articles about the estate tax from Sunday, February 3rd to February 6th.  The paper’s lead editorial on Monday, February 4th, supported the imposition of a more robust estate tax.

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