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Subject:  Re: 401K Success Tax Date:  2/21/1998  8:18 PM
Author:  TiggerToo Number:  1899 of 99864

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.


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