The House plan would completely eliminate all estate taxes by 2024, ending a nearly 100-year-old levy. How much would repealing the estate tax be worth to, say, Amazon founder Jeff Bezos? Warren Buffett’s heirs would pocket an additional $31.2 billion and Mark Zuckerberg would leave behind an extra $28.4 tax free, according to the analysis. With the estate tax repeal alone, his children would stand to inherit an additional $1.24 billion tax free, according to the calculations. The Senate and House still must reconcile various differences in their tax overhaul plans, including on the estate tax.

Source: Huffington Post December 10, 2017 13:30 UTC