Death tax must die, and do it quickly - Fosters

Death tax must die, and do it quickly - Fosters
Sunday, March 13, 2005
Death tax must die, and do it quickly
Greed of the federal government should not reach into the grave
It’s something we would expect to see in a Stephen King horror movie — Uncle Sam reaching into a grave to pull the last few dollars from the pocket of a corpse.

Contrary to what many believe, the death tax — or inheritance tax, as the politically correct refer to it — was simply put on sabbatical during President George Bush’s first term in office.

As part of the president’s tax repair package, the federal death tax is being phased out. If you can wait until 2010 to die you won’t pay a dime. But, if you have the unfortunate luck to live until 2011, you could pay the price — 55 percent of your company’s worth.