HOUSE_OVERSIGHT_022362.jpg
2.54 MB
Extraction Summary
1
People
3
Organizations
0
Locations
2
Events
2
Relationships
2
Quotes
Document Information
Type:
Tax analysis memo
File Size:
2.54 MB
Summary
This document, dated April 29, 2013, is a page from a tax analysis memo discussing proposed changes to U.S. tax laws affecting high-net-worth individuals. It outlines several proposals, including restoring 2009 transfer tax parameters, requiring minimum terms for Grantor Retained Annuity Trusts (GRATs), and limiting the GST exemption. The document contains no direct references to Jeffrey Epstein or related individuals; its only potential connection is the 'HOUSE_OVERSIGHT' Bates stamp, which suggests it may have been collected as part of a congressional investigation's evidence gathering.
People (1)
| Name | Role | Context |
|---|---|---|
| President Obama | President of the United States |
Mentioned in the context of the American Taxpayer Relief Act of 2012, which was enacted despite his 'urging to the co...
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| IRS |
Mentioned as the recipient of reports on property value and basis from executors and donors of lifetime gifts under a...
|
|
| Congress |
Mentioned as having 'permanently' stabilized transfer taxes through the American Taxpayer Relief Act of 2012.
|
|
| HOUSE_OVERSIGHT |
Appears as a Bates stamp in the document footer, likely referring to the House Oversight Committee, suggesting the do...
|
Timeline (2 events)
2013-01-02
Enactment of the American Taxpayer Relief Act of 2012 (ATRA), which made permanent most of the transfer tax provisions from 2011-2012.
United States
2018 (proposed start)
A budget proposal to restore the 2009 transfer tax parameters, which would increase tax rates and lower exemptions.
United States
Relationships (2)
grantor
→
Financial/Legal
→
grantor trust
The document describes the legal and tax relationship between the grantor of a trust and the trust itself, noting the grantor is responsible for paying the trust's income taxes.
The document states that Congress passed the American Taxpayer Relief Act of 2012 'Despite President Obama's urging to the contrary'.
Key Quotes (2)
"Perhaps this is more protest than blueprint."Source
HOUSE_OVERSIGHT_022362.jpg
Quote #1
"Taxpayers who chiefly have income from qualified dividends and long-term capital gains (and therefore have lower than a 30% effective rate) would see a significant tax increase."Source
HOUSE_OVERSIGHT_022362.jpg
Quote #2
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document