Friday, July 16, 2010
News It's a Good Thing George Steinbrenner Died When He Did, Because of the Estate Tax
Posted by Mark Asch on Fri, Jul 16, 2010 at 3:03 PM
- Steinbrenner's dream home cost like a billion dollars of taxpayer money in infrastructure and tax breaks, also.
Yes, yes, what a good thing, yes, to die at precisely the right time to ensure the maximum payoff for your heirs. Permanently repealing the estate tax—a tariff on the transfer of previously unrealized (and untaxed) wealth—is the only logical solution, it will ensure that top earners aren't discouraged from ever dying.
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