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Death of popular headteacher

Mon, 17 May 2010 15:26:00 GMT | Isle of Man Government

THE Department of Education and Children is deeply saddened by the death of Vicky Dassoulas, the Headteacher of Anagh Coar Primary School.


Visiting teen falls to death in Vancouver

Mon, 07 Jun 2010 14:47:00 -0400 | CANOE

A teen plummeted 100 feet to his death on Sunday from a section of boardwalk winding around Capilano Suspension Bridge.


Death and Taxes

Thu, 10 Jun 2010 00:00:00 EDT | Tax Foundation's Tax Policy Blog

The New York Times reports:

A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and grandchildren tax-free.

...Had his life ended three months earlier, Mr. Duncan's riches - Forbes magazine estimated his worth at $9 billion, ranking him as the 74th wealthiest in the world - would have been subject to a federal tax of at least 45 percent. If he had lived past Jan. 1, 2011, the rate would be even higher - 55 percent.

The United States enacted an estate tax in 1916, and when John D. Rockefeller, America's first billionaire, died in 1937, his estate paid 70 percent. Since then, the rates have fluctuated, but this is the first time the tax has been repealed altogether.

The estate tax (or "death tax") rate dropped to zero at the beginning of this year, but in 2011 will return to a rate of 55 percent with an exemption level of $1 million.  This presents a small—relative to the tragedy—upside for those who happen to die this year, as was the case for Mr. Duncan.  But is also provides some perverse incentives.  A pull of a plug might significantly increase the return of those years spent working to stay nana's favorite.  It will be interesting to see if death rates among the wealthy increase this year, from either morally suspect heirs or as a result of bribed doctors changing death dates to 2010 for those who passed in late 2009.  The most subtle government intervention, including taxation, can distort people's behavior to unforseeable consequence.  The instability of the death tax, with so much in money at stake, is bound to influence decisions at the margin.  And marginal decisions about death are not something you want altered because of tax incentives.

Here is a paper by Joel Slemrod titled "Dying to Save Taxes: Evidence from Estate-Tax Returns on the Death Elasticity."


Ontario man charged in infant's death

Mon, 14 Jun 2010 22:49:54 -0400 | canoe CNEWS

A Marmora, Ont. man is in custody after the death of a baby last week, police said.


B.C. man falls to death on Mount Hood

Thu, 17 Jun 2010 09:13:05 -0400 | CANOE

Authorities in Oregon are investigating the death of a Canadian man in his 50s who fell to his death while climbing Oregon's majestic Mount Hood with friends.


Michael Jackson Stacks Paper From The Grave

Fri, 25 Jun 2010 09:00:00 -0400 | NPR News Headlines

On the one-year anniversary of Michael Jackson's death, the pop icon's estate is rolling in cash. Jackson has joined the ranks of celebrities who earn more in death than they did while alive.


Steve Forbes celebrates Robert Byrd's death: 'Good news' for Wall Street.

Tue, 29 Jun 2010 11:00:22 +0000 | Newsvine

News of Sen. Robert Byrd's (D-WV) death has been met with an outpouring of reverence for his distinguished career, with even political opponents, like Minority Leader Mitch McConnell (R-KY), praising Byrd's "remarkable life" and "devotion to the U.S.


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