Before we get into any more detail about Booker's tax plans, lets meet the man behind the plan. As we'll see below, Booker intends to use the tax law as a mechanism to achieve several of these policy goals. Of course, you have to tack on the aforementioned net investment income tax of 3.8%, so the rate reaches a high of 23.8%. If you've done the math (you haven't), this means that Booker would retain both the top ordinary rate of 37% and the 3.8% net investment income tax. Booker's Plan: Booker would make three big changes to the estate tax regime.

Source: Forbes October 14, 2019 01:18 UTC