Lesser Discussed Insights of the American Taxpayer Relief Act of 2012 Part 3

By now, everyone knows the American Taxpayer Relief Act of 2012 raised the income tax rates for the highest earners to 39.6%.  Most everyone knows the American Taxpayer Relief Act of 2012 continued the estate and gift tax exemption of $5,000,000.00 per person or decedent ($10,000,000 for a married couple) adjusted for inflation (the 2013…