In 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 allowed estates to choose between the EGTRRA tax treatment (no estate tax with carryover basis) or a new regime that revived the estate tax and step-up in basis.

Authors

• Person: Not available Organization: Center for American Progress
  How the Government Subsidizes Wealth Inequality

Sources

• How the Government Subsidizes Wealth Inequality www.americanprogress.org Center for American Progress via serper

Referenced by nodes (1)

• step-up in basis concept