Originally Posted by
TED74
Yup, more taxes on middle America. This provision is estimated to generate $15B in revenue. That'll pay for about 750 miles of wall... isn't that what "we wanted"? Luckily the top 400 Americans are paying a lower tax rate than the middle class for the first time in our nation's history.
To clarify, minor kids' 10-year clock doesn't start running until they hit 18, spouses aren't affected, and most sibling benefactors aren't affected either.
Didn't hear about this one coming. I would imagine, most people inherit these things in there 40's to 50's, peak earning years. Add the RMD to your highest earning years, highest tax bracket. Not a conspiracy theorist, but this is the first bite of the apple. There will be more attempts to get your wealth accumulated in IRAs, and especially 401s, etc.
Why did Willie Sutton rob banks?