Inheritance tax for domestic partners
The Senate just voted to adopt House amendments on a bill that would allow domestic partners to avoid interitance taxes on a primary residence when one of them dies. The bill is general aimed at same-sex partners, but the House amendments strip out the "same-sex" bit so that unmarried heterosexual people would qualify, too.
Sen. Alex Mooney argued that the bill undermines marriage. The state gives certain special benefits to married couples, and giving those marital benefits to others diminishes them, he says. (The gay rights lobby, I suspect, would be happy to just go with same-sex marriage instead, but I think that's not what the good senator from Frederick was driving at.)
Comments
Hey, here's another way for same sex couples (along with straights, communes, and everyone in between)to save inheritance tax - MOVE TO ANOTHER STATE. This is not meant to be an anti-gay post; rather it is an anti-tax post. MD is one of the few states remaining that still tax inheritance at the state level. Those with taxable estates (over $1,000,000) could save bucks simply by moving to Delaware or Florida.
Posted by: Paul | April 14, 2009 4:12 PM