Should they remove the estate tax or the death tax?

[icedwards]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Its closer to 7-8 million but add in other assets like homes and the way inflation is going you'd get close. I think a lot more people are affected by estate taxes than you are giving credit for.

Alright.

$120,000 a year in income taxed at let's say 35% with a conservative $45,000 of expenses a year leaves $33,000 to be invested a year. Compounded at 5% annually, that's a NFA value at year 40 of $3.98 million.

Where are you pulling your numbers out of your ass?