date:Sep 18, 2013
ty of Baltimore and a former U.S. tax court lawyer who has written extensively about the discounts. She said the practice creates a world of unreality.
Morgan, the Walton family spokesman, declined to say whether the Waltons have ever claimed such discounts.
McDermott and other lawmakers, and the Treasury Department under both U.S. Presidents Bill Clinton and Barack Obama, have proposed eliminating some discounts involving transfers between family members. The Obama administration estimated th