Trump's 2017 Tax Plan On Wednesday, April 26, 2017 President Trump presented a proposal to overhaul the Tax Code. The proposal was very brief - just one page. Of the seven items, I wish to discuss only two because they most influence Estate Planning, and those are the proposed changes to Capital Gains, and the Federal Estate Tax. Proposed Changes to Capital Gains: Proposed to be reduced from 23.8% to 20% Proposed Changes to the Federal Estate Tax: Complete elimination of the Federal Estate Tax. It is indexed for inflation, and as of 2017 it is: Individual - $5.49 million, and for married couples it is $10.98 million (double what it is for a single...
