State of the Union or Tax demagoguery?

January 23, 2015 by Tom

In his State of the Union address, President Barack Obama called for raising the top capital-gains tax rate. He is also proposing to impose this tax on lifetime gifts of property and to eliminate the “step up,” which exempts assets held at death from capital-gains tax. A fact sheet released by the White House raises many questions, says Linda Hirschson, an estate attorney with Greenberg Traurig in New York. Here are some of them.

HOW TO GET TO OUR OFFICE:

From the South: Follow I-25 North past C470 to exit 199 for Belleview East, following off the exit to the right. At the third light (Ulster), turn right. Ulster turns into Prentice, and the Edward Building is on the right, which is the southwest corner.

From the North: Follow I-25 South to exit 199 for Belleview east. Turn left at the bottom of the exit onto Belleview. At the third light (Ulster) turn right. Ulster turns into Prentice, and the Edward Building is on the right, which is the southwest corner.