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Politics : Politics for Pros- moderated
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To: KLP who wrote (372883)7/14/2010 2:45:07 PM
From: Alan Smithee  Read Replies (3) of 793912
 
The timing of George Steinbrenner’s death may have ensured that the New York Yankees franchise stays in the family.
Because of a lapse in the federal estate tax, Steinbrenner’s family is saving about $500 million that they would have otherwise had to pay Uncle Sam. The 45 percent tax expired in January and starts up again in 2011 at 55 percent.

Not so fast there. There is talk about Congress reinstating the estate tax retroactive to January 1.
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