Estate Tax - What's that?

22 February 2014
Comments 0
22 February 2014, Comments 0

According to the Tax Policy Center, only 3,800 estates had to pay federal estate taxes in 2013. Gone are the days of 50-60% estate tax when a family member dies. One might speculate that the rate might go up for these folks who are still paying, in order to raise the amount of taxes the federal government brings in. What tax “loopholes” could they go after to raise the money? Dynasty Trusts, HEETs, Stretch IRAs, or limit the amount that can be accumulated in a Retirement Account ? Yikes, all of these are scary. Check out the 2014 budget proposal. Contact your representatives and fight for the benefits you want to see remain!

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