Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
A Proposal For Restructuring The Taxation Of Wealth Transfers: Tax Reform Redux?, Edward J. Gac, Sharen K. Brougham
A Proposal For Restructuring The Taxation Of Wealth Transfers: Tax Reform Redux?, Edward J. Gac, Sharen K. Brougham
Akron Tax Journal
The Tax Reform Act of 1986 (TRA'86) provided for the most dramatic changes to the Internal Revenue Code since its inception over seventy years ago. The stated purposes of these reforms were to promote "fairness, simplicity, and economic growth." The short-term success of these measures has yet to be ascertained.
It is the position of this article that the long-term prospects for ultimate individual tax reform cannot be divorced from an eventual restructuring of the present federal wealth transfer taxation system, currently consisting of the estate, gift, and generation-skipping taxes. Genuine tax reform will remain unfinished business until such time …