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ARTICLE · 09 MAY 2014

Estate Tax Changes Past, Present And Future May 2014

McGuireWoods LLP
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This outline is a selective and evolving review of the history of the modern federal estate tax.

United StatesTax
Ronald Aucutt
Ronald Aucutt

Charting the rates,

Planning for mates,

Watching the states,

Handling the waits,

And predicting the fates

Of the effective dates.

I. INTRODUCTION

This outline is a selective and evolving review of the history of the modern federal estate tax. It originated during the attempts to repeal the estate tax in President Clinton's second term and accelerated with the one-year (2010) "repeal" included in the Economic Growth and Tax Relief Reconciliation Act of 2001. A discussion of the most current developments, including the American Taxpayer Relief Act of 2012, begins on page 69. (State estate and inheritance taxes are tabulated at http://www.mcguirewoods.com/news-resources/publications/taxation/state_death_tax_chart.pdf.)

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