Why did the Tax Cuts and Jobs Act 2018 increase the gift and estate tax exemption significantly
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Why did the Tax Cuts and Jobs Act 2018 increase the gift and estate tax exemption significantly to $11.18 million per person, which is almost double the original limit? Please explain the reasoning behind it. What was changed, and discuss the political and economic impact, including key factors that influenced the particular change?
Related Book For
South-Western Federal Taxation 2019 Essentials of Taxation Individuals and Business Entities
ISBN: 9781337702966
22nd edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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