Tag: inheritances
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…
If Black families wrote wills at the same rate as white, how much would it help? Having a will is really important. In the absence of a will, a decedent’s assets are distributed according to state intestacy law. These rules work fine for traditional families, but can result in the wrong outcome when the intended…
