So, come the New Year, rich folks will have a twelve-month window in which to die tax-free. As Representative Richard E. Neal (D-MA) put it, “If you are at the checkout counter, you might want to expedite things.” . . .
And you might want to wait a while in 2010. Before you (or your greedy heirs) hasten your departure from this “mortal coil,” note that Senate Finance Committee Chair Max Baucus (D-MT) has promised to revive the issue next month and to reimpose the tax retroactive to January 1. I have no idea whether such legislation could survive expected cries of “Foul!” and the accompanying lawsuits, but you might want to linger at least partway through the year to see what Congress does.