Make a loved one's day.Gift up to $19,000 per recipient (2025 limit) to reduce your estate’s taxable value. Married couples can gift up to $38,000 per recipient. While you don't get an income tax deduction for these gifts, the recipient won't owe taxes, and the gift can help reduce the value of your estate without using up your lifetime gift and estate tax exemption. https://t.co/PnMwP2I23y ...

Core Insights - The article discusses the complexities of estate planning for high-net-worth individuals, particularly regarding the decision between capital gains tax on dynasty trusts versus estate tax on personal accounts [2][4][6]. Group 1: Estate Planning Considerations - Dynasty trusts allow assets to be excluded from estate tax calculations, but beneficiaries face significant capital gains taxes upon sale [2][4]. - Transferring stocks back to a personal account can utilize the step-up rule, avoiding capital gains tax but incurring a 40% estate tax [2][4]. - The decision-making process involves various factors, including the size of the inheritance, asset appreciation, and potential changes in estate tax exemptions [4][6]. Group 2: Financial Implications - A hypothetical scenario suggests that if stocks are valued at $20 million, children may pay more in capital gains tax than in estate tax [6][7]. - The federal estate and gift-tax exemption for 2025 is projected to be $13.99 million per person, or $27.98 million for married couples [7].

Joining us now to talk about the state of the global economy, former uh World Bank President David Malpass. He is now with Purdue University's Mitch Daniels School of Business. It's good to see you. >> Good to see you, Joe. >> You ever get interviewed by uh by Bessant for uh for for the because you your name was bandied about at one point, right? >> Right. I wasn't interviewed for the job. Um I I do think and I've made the point in Wall Street Journal articles and so on that the Fed needs to really look at ...

Economic Policy and Central Banks - The Fed needs to consider reforms, particularly regarding quantitative easing (QE), which has not been stimulative and has contributed to wealth inequality [1][2] - There is a call for the Fed to allow more market functionality and to be open to changes, especially concerning stable coins and short-term markets [1][2] - The current high capital gains tax in the US is seen as detrimental to market dynamism, and lowering it could lead to increased investment and growth [1][2][3] Taxation and Growth - Tax cuts are advocated for both the US and Japan to stimulate growth, with Japan's high marginal tax rate of 45% being a concern [1][2] - The idea of a temporary capital gains tax holiday is proposed, suggesting it could lead to a windfall for the government and potentially be extended if successful [2][3] - The impact of tax policies on market behavior is highlighted, with lower tax rates leading to increased equity values as they reflect growth opportunities [2][3] Interest Rates and National Debt - The current short-term interest rates set by the Fed at 4.15% are considered too high, especially in relation to long-term rates, indicating the Fed is behind the curve [3][4] - There is a concern that the national debt is too large, which could affect the demand for dollars, but recent trends show a preference for US assets as gold prices decline [3][4] - A suggestion for a 50 basis point cut in interest rates is made, arguing that the Fed should have started cutting earlier to align with market conditions [4][5]

discovered today that there is a 40% estate tax on all assets when you die this is the most elaborate scam of all time ...

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Grantor Trust Rules outline the responsibilities of the trust's creator for income and estate tax purposes. https://t.co/FEGQ9Wo0BJ ...

Welcome back to Squawkbox. Look at that handsome picture of a guy named Robert Frank, uh, who knows a lot about money and how we spend it and how to save it maybe and all those things. But today, he's going to tell us what the bill might look like come next April, the Senate passing President Trump's sweeping tax cut and spending bill.In today's edition of Inside Wealth, that man, the handsome one, Robert Frank, taking a look at what it means for the tax bill for high earners and investors. So, is it is it ...

Estate Tax Debate & Political Strategy - Republicans have been attempting to repeal the estate tax for 35 years, initially terming it the "death tax" [1] - Wealthy Americans initiated a campaign approximately 35 years ago to eliminate the estate tax, focusing on avoiding both income and estate taxes [3][4] - A poll in 2017 indicated that 67% of Americans believed the estate tax affected the poor and middle class, despite it only applying to less than 01% of the public [8][9] Estate Tax Avoidance & Revenue Impact - Congress has not closed any loopholes related to the estate tax since 1990, leading to widespread tax avoidance [4] - The wealthy avoid reporting transfers, using various methods to report them as zero-value gifts [6] - In 2024, the estate tax raised $30 billion, an amount comparable to what Elon Musk can gain or lose in a single day [7] Wealth Disparity & Estate Tax Effectiveness - The wealth of the wealthiest Americans is currently $50 trillion, approximately 10 times the total federal operating budget [7] - The estate tax serves as a shield for the wealthy, creating a public perception of tax payment while allowing them to avoid actual taxation [5]