Earlier this week, the Obama administration released its final budget, for the 2017 fiscal year. Many of the tax proposals in the budget will undoubtedly be “dead on arrival” in Congress, including the President’s...
- Inheritance Tax Rates and Exemptions, 2012-2013
Inheritance Tax Rates and Exemptions, 2012-2013
Key Findings The U.S. has the fourth highest estate or inheritance tax rate in the OECD at 40 percent; the world’s highest rate, 55 percent, is in Japan, followed by South Korea (50 percent) and France (45 percent). Fifteen OECD...
After years of slow economic growth and a burgeoning tax code, many in Congress and elsewhere have recognized that now is the time for tax reform. Unfortunately, the political process is often at odds with reform, because it tends to protect the...
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