A Good Year to Die

By: Curt Levey (Diary)  |  July 14th at 03:17 PM  | 

It’s been pointed out that George Steinbrenner’s heirs saved about $500 million in estate taxes because of the timing of his death. Unlike every other year since 1916, there is no federal estate tax in 2010. In 2009, the estate tax rate was 45% and next year, without Congressional action, it will be 55%. The one-year tax-free gap is the result of Congress’s refusal in | Read More »

Dr. Frankenbama: Death Tax Re-Animator

By: Josh Painter (Diary)  |  April 2nd at 10:54 AM  | 

Death and taxes may be inevitable, but they shouldn’t be related. - J.C. Watts, Jr. President Bush’s tax cuts of 2001 and 2003 lowered the death tax from 55 percent to 45 percent this year and would have eliminated them entirely next year. But Dr. Frankenbama’s budget drags the rotting corpse of the death tax from its intended grave by keeping it at its 2009 level next year. The doctor | Read More »