Fun and Death Taxes

"If you are at the checkout counter, you might want to expedite things."
– Representative Richard Neal, Massachusetts Democrat,
as quoted in the NY Times

Who could have guessed, when the year began, that the main subjects of yucky jokes this holiday season would be Tiger Woods and the federal estate tax?

At least we won't have to usher in the new year watching the crowd at Times Square. We can go online and toast the countdown clock at NoDeathTax.org.

Sobering afterthought: the clock also is counting down to the death of stepped-up basis for computing gain on inherited assets.