Friday, January 1, 2010

'Today is a Good Day to Die' ... At Least as Far as Taxes Are Concerned

With the repeal of the estate (death) tax, today is a good day to die if you want to pass along your assets to your heirs. Personally, I would chose my parents/grandparents over their 'stuff', but when I eventually pass on I do not want the government taking a large chunk of what I leave behind.

"With the estate tax repealed as of today, the economics literature suggests that we may see a surge of deaths (or, at least, reported deaths) among the wealthy elderly"

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