Report on Reform of Federal Wealth Transfer Taxes PDF Download

Author: American Bar Association. Task Force on Federal Wealth Transfer Taxes
Publisher:
ISBN:
Category : Inheritance and transfer tax
Languages : en
Pages : 209

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Book Description

Author: Jerry Washington
Publisher: Nova Science Publishers
ISBN: 9781634829915
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
This book contains an explanation of the major provisions of the federal estate, gift, and generation-skipping transfer taxes as they apply to transfers in 2014. It provides basic principles regarding the computation of these three transfer taxes. It also provides a history, description, and analysis of the Federal estate, gift, and generation-skipping transfer taxes (also referred to as the "wealth transfer taxes"), as well as a description of selected reform proposals.

Author: Stephanie J. Willbanks
Publisher: Aspen Publishing
ISBN: 1454874716
Category : Law
Languages : en
Pages : 974

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Book Description
With an emphasis on tax planning, Federal Taxation of Wealth Transfers: Cases and Problems integrates stimulating problems with statutes, regulations, and cases to create a highly teachable and student-friendly casebook. This casebook emphasizes problem solving, statutory construction, and policy-analysis skills, and is ideal for 2- or 3-credit courses in estate and gift taxation. The Fourth Edition has been updated to incorporate the 2012 American Taxpayer Relief Act provisions and the final portability regulations. It offers new case law, analyses and problems regarding private annuities, net gifts, and ascertainable standards. The text has been expanded to feature new cases, administrative rulings, and studies. Existing cases and text have been edited or deleted to highlight essential themes. The casebook is logically organized but its flexible organization accommodates reorganizing material to fit individual course structures, and could be used for a basic wealth transfer tax class or to complement either a wills and trust course or an estate planning course.

Author: Bridget J. Crawford
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This article critically examines the estate and gift tax rules currently applicable to marital wealth transfers and proposes a new system in which all transfers between spouses will be subject to taxation. The article begins by tracing the historic development of what the author calls the one flesh, one taxpayer approach to wealth transfer taxation. Over a period of more than thirty years, the marital deduction evolved from a tool for achieving geographic uniformity into an institution based on an unreal and idealized story of proper gender roles and the economic significance of marriage. After describing the wealth transfer tax benefits of marriage under present law, the article next analyzes the jurisprudential implications of the extant one flesh, one taxpayer approach to wealth transfer taxation. Notwithstanding the law's gender neutrality, the author argues that the current estate and gift tax approach to marriage is a vestige of the common law rule of coverture that suspended a woman's legal identity during marriage. Furthermore in departure from important tax policy goals, federal wealth transfer tax laws privilege heterosexual marital relationships over other socially important relationships with economic or emotional characteristics similar to marriage. The author proposes the elimination of the marital deduction in favor of a one flesh, two taxpayer approach to marriage that would cause all gratuitous transfers to be subject to taxation, regardless of the identity of the recipient. As part of this proposal, the author advocates increasing the applicable exclusion amount to $10 million. The author argues that raising the exemption amount will increase federal tax revenue and enhance the vitality of common law and community property systems. The article concludes by connecting the estate and gift tax treatment of marriage to the larger issue of estate tax repeal and reform.

Author: Gordon Bale
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

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Book Description
The book looks at the tax mix, reasons for taxing personal wealth, forms of wealth taxation, forms of wealth taxes, and the possibilities for reform.

Author: William G. Gale
Publisher: Rowman & Littlefield
ISBN: 9780815719861
Category : Business & Economics
Languages : en
Pages : 544

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Book Description
Although estate and gift taxes raise a small fraction of federal revenues, they have become sources of increasing political controversy. This book is designed to inform the current policy debate and build a conceptual basis for future scholarship. The book contains eleven original studies of estate and gift taxes, along with discussants' comments. The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.

Author: United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Finance, and Exports
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108

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Book Description

Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Family farms
Languages : en
Pages : 60

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Book Description

Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 562

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Book Description

Author: Richard E. Wagner
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 346

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Book Description
Case studies on different topics: examination of place of transfer taxation in the US revenue system; loopholes in the federal income tax arising from exemptions, exclusions, deductions and credits; discussion of the effects of introduction of value added tax and description and analysis of the actual working of the VAT in the EEC.