Author: sethwoolnough19
Levine, Jacobs and Company, LLC, Senior Member Offers Insight On Tax Breaks
In the article, Slip Sliding Away Karu stated, Many proposed changes are still in the talking stage, but there is some anticipation that inheritance and capital gains tax rates may be increased. He continued by referring to the current ability of wealthy investors to legally circumvent income limits on contributing to a Roth IRA which is generally not taxed upon distribution, provided certain conditions are met by converting a traditional, pre-tax IRA to a Roth IRA.
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