At least one guy says yes, though perhaps this is just an all to convenient way of blaming the government for something he’s been planning on doing all along. Funny how that happened.

Advisers say the estate-tax dilemma is especially awkward for heirs. “At least in December 2009, people wanted to keep their relatives alive,” says Ronald Aucutt, an estate-tax attorney with McGuire Woods in the Washington area. Now he and others are worried that heirs may be tempted to pull plugs on Dec. 31. Economists might call the taking of a life to reap a tax advantage a “perverse incentive.” District attorneys might call it homicide.

Congress is also apparently encouraging keeping appliances plugged in and close to the tub while going for a dip.

“You don’t know whether to commit suicide or just go on living and working,” says Eugene Sukup, an outspoken critic of the estate tax and the founder of Sukup Manufacturing, a maker of grain bins that employs 450 people in Sheffield, Iowa. Born in Nebraska during the Dust Bowl, the 81-year-old Mr. Sukup is a National Guard veteran and high school graduate who founded his firm, which now owns more than 70 patents, with $15,000 in 1963. He says his estate taxes, which would be zero this year, could be more that $15 million if he were to die next year.

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Comments (84)

  1. Posted by Anal_yst | July 13, 2010 at 6:58 PM

    His concern for his heirs/estate is heartwarming. If he needs some help with his “assisted” suicide for a nominal feel, I’m sure he won’t have much trubs finding it.

  2. Posted by Anonymous | July 13, 2010 at 7:01 PM

    Steinbrenner conspiracy? Too soon?

  3. Posted by Kevorkian Enterprises | July 13, 2010 at 7:49 PM

    Hey Warren. Call me.

    -Jack

  4. Posted by Tax.Chick | July 13, 2010 at 8:41 PM

    Just registered grandpa into a triathlon. Want to keep him healthy.

  5. Posted by Tax.Chick | July 13, 2010 at 8:52 PM

    For the rest of you I am also offering coma resolution services.

  6. Posted by Anonymous | July 14, 2010 at 12:06 AM

    @5 I need legal advice re. The Coma Etiquette

  7. Posted by Anonymous | July 14, 2010 at 9:45 AM

    bullshit. once a new estate tax is passed it will contain a provision moking it retroactive to Jan 1, 2010, and enforced on all 2010 deaths. zzzzzzzzz.

    -junior college professor

  8. Posted by guest | July 14, 2010 at 12:57 PM

    that’s why you should buy a variable life insurance policy for your heirs. they haven’t figured out a way of taxing those yet.

  9. Posted by Anonymous | July 14, 2010 at 1:05 PM

    fuck the heirs – in fact, jack up the estate tax to 90% after the first million. Are we really concerned about Waldo inheriting 30 million rather than “only” 15 million. A-hole billionaires who don’t give their money away by the time they are old should be forced to confiscate it one way or the other. So the choice is: give it to a worthy charity or let the government get their hands on it to flush down the national debt void. Just don’t give it to lazy-ass Waldo so he can be a life-long douche living off papa’s hard-earned wealth.

  10. Posted by guest | July 14, 2010 at 1:15 PM

    So the new maxim is: you can cheat taxes OR death (but only one at a time)

  11. Posted by Anonymous | July 14, 2010 at 9:15 PM

    Your jealousy is showing 9. My sincerest apologies that you didn’t grow up with as much as the people you despise.

  12. Posted by Anonymous | July 15, 2010 at 12:27 PM

    Hey 9, while we’re at it, let’s do away with this whole capitalism thing, too. Totes unfair

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