1318 Rich Uncles, Watch out!

Friday, June 22, 2007

The government takes a large chunk of a large estate in estate taxes, the so-called "death tax". Over the next few years, the federal estate tax code will allow an increasing amount of the estate to be exempt.

I did a little research on this a while ago, but it wasn't particularly important to me, so I didn't write down and don't remember the precise amounts or years, and don't feel like looking it up now, but at some point, the exemption reaches a maximum, and the next year it reverts to the original rates.

Um, what's gonna happen in December of the last year of the maximum exemption? How many plugs will get pulled on December 31?

Just wondering....
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