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07/27/2010

Poll: Considering the Estate Tax


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In the wake of the death of George Steinbrenner, the discussion surrounding the looming reinstatement of the estate tax has taken a turn for the morbid. The inheritance tax has been abolished for the year 2010, and consequently Steinbrenner's estate will not be taxed. In 2009 the tax was at  Starting in 2011, the tax will jump up to 55%. In his Freakonomics blog, Stephen J. Dubner speculates that changes in the inheritance tax may affect how much heirs are willing to invest in their parents' health care. Some aging individuals may even consider taking their own lives, according to an article in the Wall Street Journal

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