Skip to main content

View Diary: Do YOU understand how tax brackets work??? (124 comments)

Comment Preferences

  •  need a primer on estate taxes too (10+ / 0-)

    When my mom died earlier this year, some in my family - including my dad - were concerned about paying estate taxes! Mom was on Medicaid and had pretty much nothing left (pretty much a pre-condition to get on Medicaid).

    I couldn't believe that I had to explain to them that estate taxes are only for estates leaving more than a million dollars (couldn't remember what the current threshhold was because of the Bush tax cut extensions, but it didn't really matter in our case).

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site