BigOrangeMojo
The Member in Miss December
- Joined
- Jan 24, 2017
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I didn't bring it up to defend it. I HAVE a ton of unrealized gains but I'm in zero danger of letting my net worth get near that level.For now.
Then it will apply to everyone else in a few years.....
Imma make sure my assets are marked to market based on @lawgator1 ’s 50% drop in equities markets that is like, totally right around the corner
Fed estate tax is something like 12 million or double that for a couple.Estate tax was intended for Rockefellers, etc. Until about 15-20 yrs ago, the exclusion was less than 1Min net worth...
Uh oh @BigOrangeMojoDon't know what your comment references as I have him on ignore.
Fed estate tax is something like 12 million or double that for a couple.
Pretty low, IMO, given the market boom in recent years. I've no idea what the median net worth is in America now but the estate tax should be nowhere near that low.
Did you believe them when they said people making less than $400,000 wouldn't be paying anymore taxesNot that I think it's a good idea, but the 25% tax on unrealized capital gains would only apply to Americans with a net worth over 100 million dollars.
That's probably about 25,000 Americans.
Again, not that I think it's a good idea at all.