Estate Tax

The Presidential Candidates – The Federal Estate Tax and the Capital Gains Income Tax

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The Presidential Candidates, the Federal Estate Tax, and the Capital Gains Income Tax
Posted on: November 8th, 2016
By Mary Merrell Bailey, Esq. CPA MBA MSTax MSAccounting

Tonight, we should know who will be our next president.  While Congress passes tax legislation, the president shapes policy. What plans does Donald Trump have for the estate tax versus Hillary Clinton? How do the plans differ compared to the current rules?

Estate Tax Now

The estate tax is one of three federal transfer taxes ...

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Death Arbitrage: Should I Pull the Plug Today? There’s No Estate Tax.

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Death Arbitrage: Should I Pull the Plug Today? There’s No Estate Tax.
Posted on: January 10th, 2010
By: Mary Merrell Bailey, Esq. CPA MBA MSTax MSAcctg

I’m angry. I’m disheartened, dismayed, and disgusted. But mostly, I’m angry.

One of my peers today asked me if I am advising clients to remove life support from their loved ones – their RICH loved ones – quick, right now, before Congress acts to bring back the estate tax.

Because, depending on the nature of the ...

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