Obama to Target Capital Gains Loophole

In the State of the Union address President Obama was once again expected to announce proposals to increase taxes on wealthy Americans. While he is not targeting the estate tax, the proposal could have major implications for some estate plans.

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Repealing the Estate Tax

The estate tax is always controversial. Some people believe strongly in it while others see it as unfair. A new bill in Congress seeks to repeal it completely.

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Estate Tax in China

Over 100 nations currently have an estate or inheritance tax of some form. China is not one of them, but that might change soon as the government is considering a decade old proposal that would institute an inheritance tax.

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