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To: Hammerhead
RUSH: This is a story from Business Insider: "If you're massively wealthy, then 2010 is not a bad year to pass away. That's because Congress allowed the inheritance tax to lapse for one year. Not that the Steinbrenner family is seeing any 'upside' in the passing of the legendary Yankees owner. But the lack of the tax, which could go as high as 55%, could make the passing of the Yankees franchise that much easier." In fact, it will be totally easy. You remember the family of Joe Robbie, who owned the Miami Dolphins? When he passed away they had to sell the team to pay the estate taxes. It had not been the wisest estate planning going on there. But Steinbrenner knew when to die. No estate tax -- (interruption) what are you laughing at, Brian? You know damn well this kind of thing is going to irritate the left like nothing else will, especially since I point it out.
15 posted on 07/13/2010 8:11:10 PM PDT by Northern Yankee (Where Liberty dwells, there is my Country. - Benjamin Franklin)
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To: Northern Yankee
And I do believe that James LeBron chose the Heat to avoid millions of dollars of taxes.

Where's the fairness in the redistribution of LeBron’s wealth?

47 posted on 07/13/2010 9:12:43 PM PDT by not2worry (WHAT GOES AROUND COMES AROUND)
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