Heirs of the wealthy escape estate tax
Posted in News, Politics, economy, what on July 16th, 2010 by admin – Be the first to comment
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.
