The return of the Death TaxMore on the Obama Administration's incentivizing death here. Or as Rob Long said, "Who needs Death Panels when we have a Death Tax?"
This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
More to follow....
Source: Americans for Tax Reform