Thursday, June 29, 2006
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.