Heirs of the wealthy escape estate tax
Reporting from Washington —
If you’re rich, 2010 is a great year to die.
This is the year that Congress has allowed the estate tax to lapse, allowing heirs to receive their windfalls without Uncle Sam taking a cut for the first time in nearly 100 years.
A reminder came this week with the passing of billionaire New York Yankees owner George Steinbrenner.
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Tags: blanche-lincoln, bush, california, democratic, democrats, economy, estate, george-bush, government, parties, party, Politics, real estate, week, wobbly-economic
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on Friday, July 16th, 2010 at 10:46 pm and is filed under News, Politics, economy, what.
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