thewhoser = troll

@ saph500, Arguing on the internet is like competing in the Special Olympics.  Even if you're win, you're still retarded.

I am one hot little potato right now (Will Ferrell's funniest line ever)

On top of the ordinary federal income tax, there is a 20% excise tax on golden parachute payments to the recipient, and the golden parachute payment is not a tax-deductible expense for the employer.  IRC 280G.

saph500, Angry much?  Have you accepted Jesus as your savior?  Obviously not.

@ LAVA GOODESS, pray tell, from where do the funds on those EBT cards come?  Hint: it does not come from a paycheck.   If you spent as much time bettering yourself as working the system, you would be in a better place.

@ billfitz, the IRA is still included in the estate valuation.  The kids just don't have to pay taxes on the stepup.  So he avoids paying 35% while he's alive, only to pay 55% when he's dead.

@taxfincpa, I posted something similar directed at that reject.

@ Jerry, Ever hear of a SEP?  If you are self-employed and earn $250K, you can LEGALLY put away $50K a year.  Even if you don't make that much, you can still always make NONDEDUCTIBLE IRA contributions, which are treated like Roth IRAs after 2010.  I would suggest you get your GED, or are food stamps and an Oba...more