Wisconsin Lawyer: Wisconsin and Federal Estate and Gift Taxes: Author's Predictions of Congressional Actrion for 2013:

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    Wisconsin and Federal Estate and Gift Taxes: Author's Predictions of Congressional Actrion for 2013

    Michael W. Wilcox

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    Wisconsin LawyerWisconsin Lawyer
    Vol. 84, No. 3, March 2011

    Action Likelihood
    Total repeal of federal gift, estate and generation-skipping taxes with carryover basis 35%
    $5 million exemptions made permanent with portability 23%
    Another extension 15%
    $5 million exemptions reduced to $3.5 million with portability 10%
    Gridlock with $1 million exemption and no portability 10%
    Keep $5 million exemption with portability but change 35% rate up or down 5%
    Inheritance tax 1%
    Total repeal but subject inheritances to income tax 1%
    Total 100%