05/12/2026
The federal government has always been very creative at generating tax revenue throughout the history of our country, and estate tax is no exception. Most Americans understand the foundation of income tax, as it is a liability that taxpayers dread every single April. The frequency of income tax also generates more attention and focus for minimization and elimination strategies. This heightened concentration is also shared by the federal government, as 50% of government year-to-date revenue has been sourced from individual income tax, while Medicare and Social Security account for another 35% (FiscalData.gov). Therefore, income tax is usually one of the largest challenges for many Americans.
With that said, concepts such as estate tax can be overlooked and under planned for. To fully appreciate why estate tax planning is frequently underemphasized, we must first look at how the estate tax has evolved throughout U.S. history. https://www.raymondjamesconnect.com/akLUgz
