Hope not....
They’ll avoid taxes? Good.
Opening Day 2011 it would be the United States Govt Yankees.
"Because Steinbrenner died in a year when there is no federal estate tax, he potentially saved his heirs a 55% estate tax on his assets or a tax bill of about $600 million. The 55% tax takes effect on January 1, 2011. If Steinbrenner had died in 2009 when the estate tax rate was 45%, his estate tax bill might have been nearer $500 million."
He's been sick for years and I have to wonder if he had a DNR Order ? :)
The guy isn’t even planted yet, and the Leftists want his estate taxed down to the proton level.
God what vile things these Leftists are.
Steinbrenner worked his whole life to accumulate his fortune. He did it legally. He paid taxes to city, state, and federal government.
What he died with, was post tax. His cash, his assets, all post tax entities.
Now the Leftists want to attach this wealth as if he owed it to society. F that noise.
He can give it to whoever he wants, and being post tax dollars, the various government entities should be attacked by the populace at large, for even daring to go near them.
This infuriates me. There is nothing so despicable as trying to steal a man’s belongings, after his death.
He might just as well be laying in the street with people going through his pockets, as this. It’s the same damned thing.
Igniting class warfare - love it. Since the classes it seeks to make jealous never pay taxes at all, what skin is off their noses? Those who should, but won’t be, jealous, are the small business people who might die after 2010 and have to sell their business to pay the taxes. Those of us in that position would rather just have real fairness and have the tax permanently repealed.
How come the NY Times and AP can print this,while Limbaugh gets called every name in the book for saying the same thing? BTW that is a rhetorical question...since I already know the answer.
A family shouldn't have to sell his business to pay the taxes on their business.
I wonder, how many wealthy folks hospitalized with life threatening ilnesses will have their plugs pulled by their relatives in December of 2010?
Screw the government, I hope they don’t get a dime.
Peelosi, Reid, must really love this,,,,HAR DE HAR HAR HAR!!
Look how long it took him to build his wealth and all the productive stuff that it does or represents. If it would be taxed and the proceeds thrown into the government “kitty” look how long the money would last, particularly in relation to the current deficits...
If I’m not mistaken, $500 million represents less than 1.5 hours of spending for a $3.55 trillion budget. And that cash infusion is just a one time shot...
I think that the Yankees are on the Democrats legislative radar screen. I think they are going to pass a Congressional mandate for a salary cap and revenue sharing in baseball. (can’t pass up the symbolism of “more Socialism is the only way to save Our National Pastime!)
Hey, those wealth redistributionists at the New York Times and the AP are free to “take themselves out of the game” anytime they want -— although they’ve only got a few months to do so if they want to avoid the death tax.
Go for it, guys.
Ted employed the same dodge, if I'm not mistaken.
I’m confident that the Dems will do a retro Estate Tax for 2010 in the lame duck session, one that will screw us much more than the 2009 rules. After all, they feel that all $$ belongs to the government...
How dare they keep the money legally earned by their deceased family member! I am outraged!!!!!!!!!!
Maybe they can buy a Clevland team or maybe the Detroit Lions.
I did not read the article, but the headline is clearly in error in that heirs do not pay estate taxes; the deceased’s estate pays the taxes.