Cohn: Trump plan will repeal so-called death tax on estates

Felipe Erazo FXStreet

During a press conference at the White House, National Economic Director Gary Cohn stated that Trump plan will repeal so-called death tax on estates.

Key quotes (via Reuters):

Married couple won't pay taxes on the first $24,000 they earn under Trump plan
Administration will repeal alternative minimum tax under Trump plan
Trump plan will protect home ownership tax benefit, but will eliminate most other breaks
Trump plan also will protect charitable giving and retirement savings tax benefits

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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