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- Title
ELIMINATING PERPETUAL TRUSTS IS A CRITICAL STEP TOWARDS ALLEVIATING AMERICA'S DEVASTATING INCOME INEQUALITY.
- Authors
Freilich, Robert H.
- Abstract
The article focuses on growing problem of inequality of income and disparity of wealth in the U.S. and the U.S. Congress enacted the Generation Skipping Tax Act (GST) in 1976 which imposed a flat tax based on federal estate and gift tax rates on generation-skipping transfers. It also mentions the U.S. Tax Cuts and Jobs Act (TCJA) has embodied additional incentives and country through providing deferred capital gains treatment for investments.
- Subjects
UNITED States; INCOME distribution laws; GENERATION-skipping transfer tax; GIFT taxes; INHERITANCE &; transfer tax; TAX Cuts &; Jobs Act (U.S.); CAPITAL gains
- Publication
UMKC Law Review, 2019, Vol 88, Issue 1, p65
- ISSN
0047-7575
- Publication type
Article