A one time tax.. sure remeber all the government tracked retirement with tax defferals….its comming here and they will be taking a one time tax.
And 2.5 million…. after inflation yeah that will be just about everyone. Nothice wording forgein assets and it includes housing… whats your house and retirement worth in yodays cost 2.5 is not alot to live on considering most have value in thier home and would need to sell it to survive after second wave of the taxes.
Not sure as to how to respond to this yet. Need to let that one sink in a bit. Though I have been thinking about doing something I never thought I would do. A reverse mortgage. The house is paid off, but if I am going to loose it to a corrupt government, then at least I will already have my money back. Just don’t know how I would be able to hide it from prying eyes. Lots to think about. Though right now I am to tired to even do what I need to be doing and now my granddaughter has bought us an Alexa so we can see each other when we talk. I really don’t want one of those. To many things can happen. But we live on east coast and have 2 granddaughters living on west coast and daughter moving to NC.