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Part 1. Congress is Brilliant: Why 99% of "Poor" Taxpayers Now Hold the Short End of the Stick

by James M. Kane
Chamberlain, Hrdlicka, White, Williams & Aughtry - Atlanta Office

February 14, 2014

Previously published on February 7, 2014

There are estimates that only about 0.14% of estates (14 out of 1000) will now face the threat of paying federal estate tax. This is the result of Congress in early 2013 enacting the inflation-adjusted $5.0 million federal estate exemption. This is an inflation-adjusted $10 million combined exemption for married couples. [The state death tax exposure, if any, varies based on each state's laws.]


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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