A Brief History of Estate Taxes
Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when property (land, homes) was transferred from one generation to the next. The
Understanding Marginal Income Tax Brackets
By any measure, the tax code is huge. It is over 2,000 pages long, and even longer with footnotes. (1) And almost weekly, the Internal Revenue Service publishes a 10- to 50-page bulletin about various aspects of the tax code. (2) Fortunately, it’s not necessary to wade through these massive
Life Insurance Myths: Debunked
Introduction Life insurance is often misunderstood, leading many to make uninformed decisions about their financial security. Common misconceptions can deter individuals from securing proper coverage, leaving loved ones unprotected. This article debunks widespread life insurance myths, offering clarity and guidance for making informed decisions. Myth #1: If You’re Single or
