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Post by chummer16 on Feb 28, 2017 19:31:18 GMT -6
It came up a little bit this election but watch what happens the next time the dems are in control. They will instal a massive death tax and they will wrap it all up as a way to save SS. At 41, I have no illusions I will be getting my money back. Maybee with term limits they could fix it but very few politicians are going to stick their neck out and loose their job. Unfortunately, we are going to ride this sinking ship to the bottom.
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Post by Freeborn on Feb 28, 2017 19:53:36 GMT -6
If Bernie gets in office you are probably right but Hillary's wing of the party wants to keep their money so I doubt they would lower it to much. Right now I think its 5.45 million which most people would fall under. I have heard some talk about $3M but most people are far under that and with a little planning could fall under it.
I would pay attention to State inheritance tax, Minnesota is $1.8M which when you add houses and other wealth allot more people could hit.
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