Source: NEWS & OBSERVER, 10/3/17


Without getting into the rest of the GOP tax proposal, the provisions abolishing the estate tax should be rejected.
The exemption from the federal estate tax in 2017 is $5,490,000 per person. When a person dies, there is no estate tax on property passing to the spouse of the decedent or to property given to charity. Accordingly, a married couple may leave $10,980,000 to non-charitable beneficiaries, without any estate tax being payable. The exemption is tied into the cost of living, so the exemption normally increases each calendar year.

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