Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Author: FoolinGrapeApe Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1878211  
Subject: Quick! Give it away!!! Date: 12/13/2012 1:18 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
http://money.cnn.com/2012/12/13/pf/gift-estate-tax/index.htm...

Currently gifts and estates of up to $5.12 million are exempt from taxes, but as part of the fiscal cliff, any bequest of more than $1 million will be taxed next year -- and at a 55% rate (currently the rate is 35%). That will kick in unless Congress and the President agree to extend the current exemption or agree on a new one. Many older Americans are not waiting to see if that happens.

"It's crazy," said Richard Behrendt, Director of Estate Planning for Baird's Private Wealth Management. "I bet more wealth is transferred this year than in the past 10 years combined."


Grape
Print the post Back To Top
Author: ramsfanray Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 1844817 of 1878211
Subject: Re: Quick! Give it away!!! Date: 12/13/2012 8:38 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I should show this story to my mom. Maybe she'll give me her CDs of Celtic Thunder before they get taxed at the higher rate.

Print the post Back To Top
Author: FoolinGrapeApe Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 1844836 of 1878211
Subject: Re: Quick! Give it away!!! Date: 12/14/2012 12:02 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I should show this story to my mom. Maybe she'll give me her CDs of Celtic Thunder before they get taxed at the higher rate.

If you had pledged $120 to your local PBS station, you could have received that as part of a thank you gift.


Grape

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement