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Presidential Candidate Hopeful Hilary Clinton Proposes “Big” Changes to the Estate Tax

The Wall Street Journal has reported that U.S. Presidential Hopeful Hillary Clinton proposes changes to the federal estate tax law exemption from its current amount of $5.45 million to $3.5 million.  In addition to decreasing the exemption, Clinton also proposes a rate change of 45% upon estates subject to estate tax.  What some might find to be of most interest is that Clinton’s team reports that this would result in doubling the amount of estates affected by the estate tax from 0.2% to just 0.4%.  You can read more of the details here