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July 14, 2010

Steinbrenner heirs may save millions on estate tax - The Associated Press

By DAVE CARPENTER and STEPHEN OHLEMACHER
(AP)

48 minutes ago
CHICAGO — Born on the Fourth of July, George Steinbrenner left the world stage with a great sense of timing too.By dying in 2010, the billionaire and long-time New York Yankees owner's wealth avoids the federal estate tax, likely saving his heirs enough money to field an entire team of Alex Rodriguezes.Steinbrenner's death Tuesday came during an unplanned year-long gap in the estate tax, the first since it was enacted in 1916.

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