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Thursday, June 29, 2006

NY Times: Estate Tax Bill Could Hurt Charities

Interesting article in today's New York Times:  Estate Tax Bill Could Hurt Charities, by Floyd Norris:

If the estate tax bill approved last week by the House becomes law, it will benefit wealthy families and cost the government a lot of tax revenue. But there are likely to be other winners and losers as well. Charities may find it harder to get donations and some heirs may have to wait years or even decades longer to collect inheritances, while surviving wives or husbands receive larger inheritances.

http://taxprof.typepad.com/taxprof_blog/2006/06/ny_times_estate.html

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Comments

And Berkshire-Hathaway will also suffer cos they won't be selling those insurance policies to people like me, cry me a river.

Posted by: Sandy P | Jun 29, 2006 9:51:34 AM