Wednesday, January 6, 2010

Estate Tax and Oregon Assisted Suicide

Estate taxes have long been referred to as the “death tax”, but 2010 may shine a whole new meaning on that term. Presently the estate tax is 45%. The estate tax will drop to 0% for just one year, 2010, and then return to the pre-Bush administration rate of 55% in 2011.

Opponents to the physician-assisted suicide laws have long felt there is a moral hazard to granting a person the right to chose when to die. Will the person make that choice merely because of their personal suffering, or are they going to feel obligated to do so to relieve their children of the need to care for them or because they are a financial burden. Add to the mix the possibility that by dying in 2010 they could become a financial “windfall” for their heirs and the risk of a “moral” hazard to the law rises. Oregon Business Report

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