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To: A Citizen Reporter; NautiNurse

There is no federal inheritance tax - it's an estate tax, levied on the estate, not directly on the people who inherit.

As for Mrs. Taylor - well, it's her money and this is a free country. If she wants to give it to the government, that's her choice (albeit not one I'd make).


85 posted on 01/20/2006 7:07:26 PM PST by conservative in nyc
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To: conservative in nyc
"There is no federal inheritance tax - it's an estate tax, levied on the estate, not directly on the people who inherit.

Yes, that's why it's also know as a DEATH TAX.

86 posted on 01/20/2006 7:13:29 PM PST by A Citizen Reporter
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