General Discussion

PoindexterOglethorpe

(28,493 posts)

39. Well, since the excess life insurance through your place of employment

Mon Jun 10, 2019, 08:29 PM

Jun 2019

isn't taxable to the employee, it's kind of misleading to say that life insurance is taxable. Even a cashed in policy probably isn't taxable, although I've only had experience with one such.

I think taxing life insurance proceeds would cause rioting in the streets. Unless it were only for payouts in excess of a million dollars. Even then, the wealthy would raise enough of a stink that it wouldn't happen.

And what's an SME?

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Yes, and rump should pay the taxes on these benefits too, all $106 million of it, taxes on it. ... SWBTATTReg Jun 2019 #4

My understanding of life insurance proceeds is that they are not taxable. PoindexterOglethorpe Jun 2019 #21

This message was self-deleted by its author SWBTATTReg Jun 2019 #22

Are you saying that if the premium in a given year is over 50k then it is taxable? PoindexterOglethorpe Jun 2019 #30

This message was self-deleted by its author SWBTATTReg Jun 2019 #34

Well, since the excess life insurance through your place of employment PoindexterOglethorpe Jun 2019 #39

This message was self-deleted by its author SWBTATTReg Jun 2019 #40

Thank you. PoindexterOglethorpe Jun 2019 #42

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