Glen Argan: Tax the rich resonates, but is it feasible?
Last month’s federal election fell on the eve of the feast of St. Matthew the tax collector. Matthew, of course, was an employee of the Roman occupying forces in Judah, doing the dirty work of taking from the poor and giving to the rich.
Taking the mystery out of probate fees
If people think they will no longer be paying taxes upon death, they are sadly mistaken. As Benjamin Franklin wrote, “in this world nothing can be said to be certain, except death and taxes.”
Plan wisely to minimize taxes
An estate plan should evolve and change as people age and family circumstances change. One goal should be to minimize and defer the tax on your death until the time your heirs sell the assets. Strategies can also be implemented during a person’s lifetime to minimize taxes.
Fair taxation
No one knows exactly how much money is hidden away by millionaires and corporations in offshore bank accounts, but accepted estimates put it as high as $30-trillion dollars. Much of that money is undeclared and untaxed.