She is worth even more now that we were forced to borrow $25 billion to finance a special exemption from Inheritance Taxes for estates in the price range of Wal Mart heirs and a handful of other families as the price for getting the GOP to vote for last year's Tax Bill.
So chances are, when she goes, her heirs will get her estate tax free because the GOP wouldn't vote for any tax compromise that didn't include this giant tax cut for a few billionaire families.
I heard you. "Death Taxes", the GOP Jedi mind trick that have a large part of the population believing that its better to tax the working poor than dead billionaires. Reminds me of quote that goes something like this "Worst than the wicked are their willing fools." I am not sure I remembered it right.
Most people with wealth are smart enough not to own anything and therefore bypass estate taxes at the time of death. If they aren't smart enough, well they deserve having their heirs getting robbed.
Ummm. What?
Most high dollar estate planning involves putting all assets in a trust of some sort. Combined with a pour over will, a person can die with an estate of basically nothing. Their heirs can then benefit from the trust at a much lower tax rate.
We're talking about 1.5% that the "death tax" actually affects. But you're right. Those folks have all kinds of options so as not to have to their heirs pay the extravagant taxes.
stewartm0205
The woman is worth billions. She should have a chaueffer.