Saturday, January 28, 2017
A top estate tax attorney predicts that the estate tax will not be repealed this year, despite promises of its demise from President Trump. Ending or altering a tax brings great complexity, and many Trump voters are not rich enough to care about the estate tax. Further, Trump’s new leadership in the Treasury Department and IRS will not significantly impact estate planning because career IRS employees, who are not political appointees, write most of those laws.
See Ted Knutson, Estate Tax Won’t Be Repealed This Year, Predicts Top Estate Tax Attorney, Financial Advisor, January 26, 2017.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.