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Tag: estate

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U.S. tax cuts since 1997

10 Jun 20219 Jun 2021
Owen Zidar, a Princeton University economist: “It’s amazing how much we’ve cut taxes even since 1997 — on dividends, the estate tax threshold, capital gains and the top rate." The…
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How heavy can IRS penalties be?

11 May 20216 May 2021
When the IRS billed the Estate of Michael Jackson for $700 million, $200 million (28.6%) was an underpayment penalty. (P.S. the IRS lost an appeal on the tax bill, and…

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