Death Tax on the Middle Class

Posted on February 21, 2012 by Steve Masterson

Sen. Max Baucus (D-Montana) attempted to sneak this provision into the transportation bill currently working it’s way through the Senate. It was removed, but Baucus has made it clear that this is a high priority for him. By taking away distribution options from an inherited IRA or an inherited 401K, Baucus’ provision forces an acceleration of the income tax.  Check it out:

Five-year Rule Proposal

About Steve Masterson

Court-appointed Trustee and Personal Representative, providing neutral, third-party, administration of Trusts and Estates; estate planning consultant to families, attorneys, and fiduciaries; and expert witness for trust and estate litigation matters. See my website at www.idahotrustee.com
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