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Reply to "Vox article on inheritance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How is it fair to heavily tax an estate but not life insurance proceeds? [/quote] I'm open to taxing life insurance appropriately. But as it stands now, most life insurance pay outs are WELL below the $11 million dollar estate tax exemption. There is no point in taxing life insurance without changing the estate tax exemption. [/quote] That may be true but if you're looking to tax all estates, and we know most estates are well below $11 million AND many people have life insurance coverage even with small estates, it seems to make sense that you'll likely get far more in taxes if you tax life insurance proceeds. [/quote] I don't think turning life insurance payouts at all income and estate levels into taxable income is going to be a popular idea. [/quote]
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