Biden's Plans to Impose an Income Tax on Death

The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.

picture of a note saying "nothing is certain but death and taxes"
(Image credit: Getty Images)

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President Biden has lots of tax proposals. They are dead on arrival in an election year. However, taxes will be a top issue in 2025. 

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Joy Taylor
Editor, The Kiplinger Tax Letter

Joy is an experienced CPA and tax attorney with an L.L.M. in Taxation from New York University School of Law. After many years working for big law and accounting firms, Joy saw the light and now puts her education, legal experience and in-depth knowledge of federal tax law to use writing for Kiplinger. She writes and edits The Kiplinger Tax Letter and contributes federal tax and retirement stories to kiplinger.com and Kiplinger’s Retirement Report. Her articles have been picked up by the Washington Post and other media outlets. Joy has also appeared as a tax expert in newspapers, on television and on radio discussing federal tax developments.