Presidential Candidate’s Ideas On Estate Tax Reform

Senator McCain

  • on record as supporting an increase of the estate tax exemption to $5 million,
  • lowering the tax rate to 15% (which is huge),
  • and indexing the exemption amount for inflation.

Senators Clinton & Obama

  • both have proposed essentially freezing the exemption amount ($3.5 million) and tax rate (45%) at their 2009 levels.
  • Neither supports indexing for inflation.

This according to Sara Hansard of Investment News who recently published this piece on the slim remaining chances of the estate tax actually being repealed.

Thanks to Mark Jakubik of The Pennsylvania Estate Planning Blog for originally posting on this.

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