Word: taxingly
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Dates: during 1990-1999
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...learned from the mistakes of his predecessors. In 1990 the SPD promised to slow down the privatization of former East German industries to protect the workers; Schroder now preaches the need for the private sector to become more competitive by cutting labor costs. In 1994 the party proposed higher taxes on middle- and upper-income families; Schroder wants to cut the highest income tax rate from 53% to 47% and reduce corporate rates from...
...Roth is, of course, the now familiar IRA that allows savers to contribute aftertax money, which grows tax free and can be withdrawn tax free in retirement. Traditional IRAs are funded with pretax money that grows tax deferred but is subject to tax upon withdrawal. Here are three key corrections in the bill that relate to the Roth...
...worth more than $10,000. Thus you shield a larger part of your estate. And if you're a control freak, the best part is that only you, the general partner, can liquidate assets. Hint: investment gains are taxable, so let the heirs cash out enough to pay the tax bite...
...estate your house is worth only $200,000. And here's the best part: 12 years later, the market value of that house might be $1 million. Yet in your estate, the value remains frozen at $200,000. You've shielded $800,000 from estate tax...
...term. Die early, and it's like the trust never existed. It works best for a vacation home because you're not parting with the house you live in and because heirs inherit the house at a low cost. And if they sell, they face a whopping capital-gains tax. Still, without the trust, estate taxes would claim an even bigger bite...