Quote:
Originally Posted by MTI
Anyone with an estate subject to "estate/death" taxes already has a CPA/tax attorney on board to minimize, if not eliminate, this transfer of wealth. Frankly, I don't think those folks are using TurboTax and the IRS Helpline when it comes to advice.  |
Yep, family trust problem solved.
No one pays that tax unless they screw up or the death is very sudden and untimely.
They should jack up income taxes on salaries over $1m to discourage these CEO's from taking such big pay days. Make them keep their cash tied up in the companies so they have a vested long term interest in their health.