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Financial Planning / Inheritance Strategies


Subject:  Re: Giving 250K without harm Date:  11/4/2006  10:02 PM
Author:  hk2 Number:  4825 of 5849

You might well resent the IRS but in the tax code there is social engineering woven throughout. Have you ever looked at the Earned Income Credit? Are you aware that 401K matching is directly a result of the tax code? Charitable contributions? Credit for teacher expenses? Child tax credit?

I would have more children just so I could have a greater child tax credit?

I take credits/benefits as they apply, but I don't change my life around so that I qualify. No social engineering in that.

With the alternative of leaving an estate to charity, at least there is some solid assurance that 80-85% of it will do good! Is that so hard to understand?

Not at all. I even suggested that it might be preferrable.

I'm not saying that your desires are right/wrong. But I am suggesting that giving consideration to potential emotional reactions may assist you in reaching your goal.

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