Actually the tax on inherited IRAs and 401ks comes close right now.

Reader comment on: A 65% Death Tax?

Submitted by Lyle (United States), Jun 24, 2010 15:56

If above the cut off you lose 45% to the estate tax and get to pay income tax as you withdraw the remainder. So it comes close right now. If you want to give any assets away at death, IRAs and 401ks make the most sense as it minimizes the taxes.

The difference between today's givers and those in the past is that they want all their money spent with 15 to 20 years of their death, not the eternal life of the foundations like Ford, Rockefeller, Carnegie etc.

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Title By Date
Estate Tax [107 words]M TrachtenbergJun 24, 2010 17:28
Restrict Charitable deductions
[w/response] [68 words]		benjaminJun 24, 2010 16:01
↔ I am all for cynicism [80 words]benjaminJun 24, 2010 20:16
⇒ Actually the tax on inherited IRAs and 401ks comes close right now. [89 words]LyleJun 24, 2010 15:56
"greed" applied to the billionaires, but not to politicians [217 words]BrettJun 24, 2010 15:51
↔ Athletes and entertainers earn way too much [66 words]benjaminJun 24, 2010 20:11

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