It has been awhile since I posted, but a friend pointed this article out to me, and I thought it was interesting enough to repost: http://www.thefiscaltimes.com/Issues/Taxes/2010/07/28/The-Estate-Tax-Can-George-Steinbrenner-Change-the-Debate.aspx
Steinbrenner's death during 2010, the year of the repealed estate tax, means that Steinbrenner's heirs received $500 million more than they would have had he died last year, and also means the government missed out on $500 million. Great article on the ongoing debate: to repeal the estate tax or not?
Thursday, July 29, 2010
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