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2014 | 2012 | 2010

1 item from 2010

Is This the Week to Die?

15 December 2010 7:40 PM, PST | The Daily Beast | See recent The Daily Beast news »

Families with a rich old relative nearing the end have a reason to hasten it. Lloyd Grove talks to tax lawyers about the estate tax loophole presenting a powerful moral dilemma.

There are only nine more shopping days till Christmas, and-if you're heir to a rich old coot who's been doing poorly of late-only 15 more days to receive the most fabulous gift of all.

Related story on The Daily Beast: The Strange Bush Fetus Secret

Namely, the next of kin to the superrich have slightly more than two weeks to reap the rewards of what Nobel Prize-winning economist Paul Krugman dubbed "The Throw Momma From the Train Act of 2001."

This quirky provision of the tax code, signed into law by George W. Bush along with vast income tax cuts that have proved ruinous to the federal budget, designates 2010 as the calendar year during which a very prosperous person can expire »

- Lloyd Grove

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2014 | 2012 | 2010

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