|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Investing/Strategies / Retirement Investing |
||
|
URL:
http://boards.fool.com/-an-estate-were-figuring-was-about-4-26560989.aspx
|
||
| Subject: Re: Estate / death taxes: was my grandfather foo | Date: 4/14/2008 11:31 AM | |
| Author: ptheland | Number: 62256 of 72252 | |
|
... an estate we're figuring was about $4 million. ... his estate will be owing $2 million?! (first 2 million is exempt from federal tax, then, what, almost 1/2 to the gov't ...) I think you overestimate the taxes. You've got the right rates and figures, but aren't applying them correctly. The first 2 million is exempt from Federal estate taxes. But it's the only the amount over that that gets taxed. So you're looking at about $1 million in federal estate taxes, not $2 million. Plus your state taxes, if any. is the person paying millions in estate taxes the norm or exception? The exception. Most people die with estates well under the current $2 million threshold for paying estate taxes. --Peter |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||