There is NO estate tax in 2010, thanks to the bush tax cuts.

[Hannah Bell]

In 2001, then-President George W. Bush signed a law designed to phase out the estate tax -- a tax on the assets a deceased individual leaves behind. The law reduced the amount wealthy families were taxed after death starting in 2001 -- leading to complete abolition of the tax in 2010, but at the same time it concerned some because of the financial implications of the date when someone died.

For example, a wealthy person who dies on January 1, 2011, and left her heirs $10 million would really be leaving them $5.05 million because of taxes. If they died a day earlier (assuming no changes were made in tax laws), the heirs could receive the full $10 million.

http://abcnews.go.com/Health/HealthCare/lack-estate-tax-2010-now-cheaper-die/story?id=9412614

[cutlassmama]

1. So we need to hurry up and die before January so our heirs

will get more $$$

[Renew Deal]

2. That's what O'Reilly or Beck have been saying.

People want plug pulled before the law changes. This applies to so few people that it's almost irrelevant.

[cutlassmama]

3. I was being sarcastic, but yeah, it's irrelevant.

[Renew Deal]

5. Others are serious.

I heard it come from one of them.

[RaleighNCDUer]

8. And for those few to which it would apply - the uber-wealthy -

I would not put it past many of them for it to be a real dilemma.

Grandpa? 6 million dollars? Grandpa? Six million dollars?

[no_hypocrisy]

4. Damned thoughtful of George Steinbrenner dying this year.

[Renew Deal]

6. That was it.

That's what Limbaugh said.

[Sirveri]

7. Oh noes, not a measely 5Million, why how will those poor folks survive!