If you are wealthy, hurry up and die
Posted By RichC on July 9, 2010
Not that it impacts the majority in America, but if you unhealthy and wealthy and having given all that much though to tax planning, perhap you should start contemplating a swifter exit?
The math is ugly: On a $5 million estate, the tax consequence of dying a minute after midnight on Jan. 1, 2011 rather than two minutes earlier could be more than $2 million; on a $15 million estate, the difference could be about $8 million.
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