TMG Reflections

The purpose of our blog is to make you feel included and informed on a more personal level. We want to keep you up-to-date on industry and company news while giving you a glimpse inside The Meltzer Group. Our blog posts may range from helpful tips, to breaking industry news, important information and reminders, random musings, expert opinions, and even some gratuitous employee shout-outs. From time to time we’ll have various employees writing blog posts as a way for you to become familiar with them. We promise to check the industry jargon at the door.



May, 30 2017

You Say You Want Estate Tax Repeal

by:

There’s been so much talk about estate tax repeal over the past few months, but what does that really mean? Sure, it’s an easy thing to shout about from the campaign pulpit, but when it’s time to draft a repeal bill, it becomes a bit more complicated. Should we repeal the estate tax but not the gift tax? What happens to the generation-skipping transfer (GST) tax? If we leave the gift tax, what’s the tax rate? Is there an exemption amount? If we repeal the estate tax, what happens to the basis step-up provision?

Those are just a few of the questions swirling around the idea of “estate tax reform.” This piece from NFP Corp. gives a quick run-through to get a general idea of what our representatives are considering, and failing to consider, in the context of estate tax repeal.