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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Moominoid who wrote (8446)8/20/2006 1:24:49 PM
From: Maurice Winn  Read Replies (1) of 219688
 
The final tax law has not been decided. However it comes out, it will be nasty. Whether insanely nasty, or just destructively nasty remains to be seen.

I don't know about the retroactive part of it yet. It's still all conjecture, in the law-passing process. But it definitely is not just some whim being considered, to be rejected later.

It's pretty well set that it'll be at least 5% of market value taken each year.

Then, when finally actually selling and repatriating money, the big hit comes in.

But, if you die, it escapes the tax [I think]. Meaning the lump sum capital gains tax. It passes to the estate still with untaxed capital gains. Only when sold does the final hit come in [I think that's the plan].

Mqurice

PS: I prefer "if" you die, to "when" you die. I am not planning on the first.
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