Quote:
Originally Posted by Oldpilot
Well, look at the bright side: if you die before midnight on December 31, the value of the Kindle books in your library will pass to your heirs free of inheritance tax.
Don't make the mistake however of waiting until January 1 to die! Then your estate will be taxed at 45 percent.
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Only if your estate (minus the balance on your mortgage and any property that goes to your spouse) is more than a million dollars. (
www.irs.gov)
If this is the case, I rejoice for you--alas, it has not been an issue for anyone I know.