UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: TiggerToo One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77325  
Subject: Re: 401K Success Tax Date: 2/21/1998 8:18 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
While the "success" tax has gone by the boards, don't hold your breath
on the estate tax. The exclusion limits are increasing on the latter so
they move from $600K to $1M by 2006, but that's no big deal. Most of the
increase occurs after 2003, and the amount still won't be adjusted for
inflation. And there's no huge swell in Congress to amend this exclusion
further, either.

I think that maybe I was doing some wishful thinking on this. Although the amount raised by the estate tax is only $40 Billion (did I say "only"), 90+% comes from estates under $3=5 million, so that the super rich never get taxed, and only we poor slobs that eke out a living and save and take risks do get stuck with the tax.

Louis Ruckheiser (sp) and CNBC have been having discussions with congressmen and other politicos, and while nothing may happen real soon, the environment seems to be getting better for some sort of movement. As I said, maybe I was doing some wishful thinking.


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Wealth of Power
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.