Strengthen Social Security by Taxing Dynastic Wealth Act returns estate, gift, and generation skipping transfer tax to 2009 levels.
The Strengthen Social Security by Taxing Dynastic Wealth Act amends the Internal Revenue Code to return the estate, gift, and generation skipping transfer tax to 2009 levels. The bill also consolidates the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into the Social Security Trust Fund. Effective January 1, 2027, the bill modifies various sections of the Social Security Act to reflect the new Social Security Trust Fund. The amendments apply to estates of decedents dying and gifts made after December 31, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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