Skip to Main Content
 

Forbes Quotes Beth Kaufman on Estate Tax

September 25, 2019, Forbes

At a tax conference exploring the populist idea of an annual wealth tax, the conversation shifted to the estate tax, which is on the books and hits the rich at death already. Why is that significant? Changes to the estate tax would be an easier way to address wealth inequality; they’re way more likely to happen than the pie in the sky idea of a wealth tax. And they could hit people at much lower levels of net worth. One of the ideas–eliminating stepped-up basis–could hit anyone with stock with built-in gains.

 . . .

“The exemption under the estate tax has risen astronomically. Probably by most measures, it’s too high,” said Beth Kaufman, an estate lawyer with Caplin & Drysdale in Washington, D.C., who spoke at the Tax Policy Center’s Taxing Wealth conference. You could justify imposing higher estate tax rates at higher levels of wealth and starting at a lower threshold, she noted. There are also bills in Congress aiming to close loopholes. That would go a long way towards raising revenue, Kaufman said.

For the full article, please visit Forbes' website.

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at www.caplindrysdale.com.
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000

___________________________

Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2019 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)