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Ball point pen on todays newsprint This is a story that's been on my radar for some time. My wife being in the fiduciary accounting biz has been waiting to see what congress will do about their oversight in the 2010 tax code, allowing estate tax to lapse for one year. In 2009 heirs were subject to a 45 percent tax on estates exceeding 3.5 million. In 2011 the rate will rise to 55 percent, but for 2010 the tax on estates is zero. My first thought was that there are going to be a lot of plugs pulled in December of 2010. But in todays NYT the real life ramifications of congress's oversight. Dan Duncan is the first American Billionaire allowed to pass his substantial fortune to his heirs tax free. Forbes magazine estimated his worth at $9 billion, ranking him as the 74th richest man in the world. If he died in December of 09 the estate would have paid over 4 billion in tax, If he surviv ...

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