Biden Estate Tax Plan could increase the estate tax but it might not matter to you

Biden Estate Tax Plan could increase the estate tax but it might not matter to you. There was talk during the transition that the federal estate tax exemption could be decreased to around $6 million per person with an increase in the Estate tax from 40% to 45%.

0:00 Start
0:19 New Numbers
0:25 Gift Tax
0:29 Estate Tax
0:42 Transition Numbers
1:22 Possible New Estate Tax
1:35 Capital Gains
1:48 The Truth
2:25 Important Evaluation

YOUTUBE Playlist:

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[coreyhodge]

Whether or not 6 million dollars is or isn't a large amount, it's still wrong that the government is taking more money from grieving family members

[mariewilson]

Well maybe you should have mentioned in your video what eliminating the step up in basis would do to middle class families and how much more they would have to pay in taxes if their parents/or grandparents pass away. This would apply to all real estate, not just million dollar properties. Biden lied when he said he would only tax incomes over $400, 000.