death tax

Senior News: If You’re Going to Die, It Pays to Do So in 2010

Due to an odd loophole in the so-called death tax, the highest tax rate assessed to a deceased person’s estate goes from 45% this year to 0% next year, then up to 55% in 2011. The takeaway is: If you’re super rich and want to pass along that wealth to your kids and not the government, do your best to kick the bucket in 2010.