It doesn't do much for billions either. You still just get the returns of cash value life insurance.None of these cool tax avoiding/minimizing tricks ever work long-term without the political influence, suits and contacts to keep ahead of the tax authorities & influence the rule setters. What works for billions does not scale down.
Of course, the proceeds being tax-free was more valuable when the top income tax rate was 91%.
Statistics: Posted by bsteiner — Wed Aug 28, 2024 2:59 pm — Replies 6 — Views 295