A California state senator has introduced a bill that would rollback the California estate tax exemption to the level that existed prior to the estate tax changes made by President Trump’s tax law. The rollback is estimated to raise over $1 Billion that would be earmarked for programs designed to combat income inequality. If the law is passed, it would have to be approved by California voters, because a 1982 ballot initiative banned a state estate tax.
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AuthorMr. Hendel has been practicing wealth preservation planning for over forty years. Archives
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