Tag: bequests
How to get seniors to spend $12 trillion in home equity. Recently, I read an opinion column arguing that older Americans are hoarding the nation’s wealth and housing stock. To reduce their power, the author suggested things like the reintroduction of mandatory retirement ages or the creation of a progressive tax on homes to encourag…
But subjecting inheritances to the payroll tax in addition could be even better In a great new book, BC Law professor Ray Madoff describes how the federal tax code has created two separate societies – working Americans who earn wages and pay taxes to support government programs and the ultrawealthy who have removed themselves from…
