Word: taxman
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Dates: during 2000-2009
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...with taxes due. But even if you've named a beneficiary, he or she might need a distribution to pay the $1 million estate tax. Remember, the only non-IRA asset in this case is illiquid real estate. Result: $1.8 million of a $2 million IRA goes to the taxman. A small part of that may ultimately be recovered through various deductions. But poor planning can devastate an estate. No question about...
Thinking about death is painful. But you can lessen the pain for your heirs if you think of ways to beat the taxman...
...knew ye.... Or, at least, we hardly knew ye as a social conservative. The multimillionaire publisher was reported Wednesday to be quitting the race for the GOP presidential nomination after a disappointing third-place finish in the tiny Delaware primary, which he won in '96 campaigning as a flat-taxman. Governor George W. Bush handily won the primary with 51 percent - and jokingly proclaimed the event, like Senator John McCain's New Hampshire upset, worthy of the front page of the weekly news magazines (forgetting, perhaps, that he'd previously garnered his own share of covers by simply winning opinion...