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View Poll Results: Should the remove the estate tax or the death tax?
estate tax 0 0%
death tax 0 0%
both 2 100.00%
Voters: 2. You may not vote on this poll

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  #61  
Old 06-18-2021, 01:59 PM
Pulgasari Pulgasari is offline
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Originally Posted by icedwards [You must be logged in to view images. Log in or Register.]
The estate tax in the US doesn't even kick in until assets exceed $11.7 million, not a single one of you nerds will ever inherit or leave that much to be inherited.
im gonna rob graves
  #62  
Old 06-18-2021, 02:01 PM
Jibartik Jibartik is offline
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See, be creative, think outside of the box(by digging up and cutting into one), and work for it, and anyone can make money easily as a capitalist!
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  #63  
Old 06-18-2021, 02:01 PM
Patriam1066 Patriam1066 is offline
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Originally Posted by icedwards [You must be logged in to view images. Log in or Register.]
The estate tax in the US doesn't even kick in until assets exceed $11.7 million, not a single one of you nerds will ever inherit or leave that much to be inherited.
Two people married making $60k each saving 40 years in index funds would have more than that

I am worth several multiples of that and am a brown immigrant engineer from Islamistan
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  #64  
Old 06-18-2021, 02:04 PM
Jibartik Jibartik is offline
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  #65  
Old 06-18-2021, 02:04 PM
icedwards icedwards is offline
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Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]
Two people married making $60k each saving 40 years in index funds would have more than that

I am worth several multiples of that and am a brown immigrant engineer from Islamistan
I work in wealth management and previously was a tax accountant for a mid-size public accounting firm. Saying something incredibly dumb like "Two people married making $60k each saving 40 years in index funds would have more than that" makes me think you're lying about "I am worth several multiples of that".
  #66  
Old 06-18-2021, 02:06 PM
Jibartik Jibartik is offline
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I like to imagine you're a dog wearing sunglasses turning to the camera like jim and saying that.
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  #67  
Old 06-18-2021, 02:07 PM
Lune Lune is offline
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Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]
I like to imagine you're a dog wearing sunglasses turning to the camera like jim and saying that.
lol
  #68  
Old 06-18-2021, 02:08 PM
Gatordash Gatordash is offline
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Quote:
Originally Posted by icedwards [You must be logged in to view images. Log in or Register.]
I work in wealth management and previously was a tax accountant for a mid-size public accounting firm. Saying something incredibly dumb like "Two people married making $60k each saving 40 years in index funds would have more than that" makes me think you're lying about "I am worth several multiples of that".
Its closer to 7-8 million but add in other assets like homes and the way inflation is going you'd get close. I think a lot more people are affected by estate taxes than you are giving credit for.
  #69  
Old 06-18-2021, 02:08 PM
icedwards icedwards is offline
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Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]
I like to imagine you're a dog wearing sunglasses turning to the camera like jim and saying that.
Also true
  #70  
Old 06-18-2021, 02:17 PM
icedwards icedwards is offline
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Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]
Its closer to 7-8 million but add in other assets like homes and the way inflation is going you'd get close. I think a lot more people are affected by estate taxes than you are giving credit for.
Alright.

$120,000 a year in income taxed at let's say 35% with a conservative $45,000 of expenses a year leaves $33,000 to be invested a year. Compounded at 5% annually, that's a NFA value at year 40 of $3.98 million.

Where are you pulling your numbers out of your ass?
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