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Opinion: 3 Reasons the GOP Shouldn't Drop Social Issues

(Nov. 16) -- Have indignant tea party activists gone to battle with the newly empowered GOP leaders in Congress over Republican refusal to drop divisive social issues from the conservative agenda? Will the powerful coalition that swept to victory lose its fierce focus on stopping deficit spending and the relentless growth...

Opinion: It's Time to Bring Back the Estate Tax

(Sept. 3) -- The Koch brothers, David and Charles, owners of the second-biggest private company in America, have been the subject of two recent lengthy profiles in The New Yorker and New York magazines for their bankrolling of conservative movements, including the tea party. But the Kochs' politics are more libertarian...

Texas Billionaire's Heirs Will Inherit Fortune Tax-Free

(June 9) -- After death, there may be no taxes for the relatives of a Texas billionaire. When Houston oil tycoon Dan L. Duncan, 77, died in March of a brain hemorrhage, the man Forbes magazine ranked as the 74th wealthiest man in the world left an estimated $9 billion fortune to his children and grandchildren. In years...

Background on death tax

The estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries.

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