Event Details
December 17, 2010
Description
President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Jobs Creation Act of 2010, which set estate, gift, and GST taxes at 35% with a $5MM exemption for 2011-2012.
Participants (1)
| Name | Type | Mentions | |
|---|---|---|---|
| President Obama | person | 176 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_022357.jpg
This confidential J.P. Morgan document, marked for House Oversight, is a financial analysis comparing two 20-year wealth transfer strategies. It argues that selling an asset to an Intentionally Defective Grantor Trust (IDGT) would generate an additional $2.6 billion for heirs compared to simply holding the asset, due to tax optimization. Although part of a collection of Epstein-related documents, this specific analysis is a generic example and does not mention Jeffrey Epstein or his specific finances.
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