Monday, December 12, 2005

Britain sure has a Tough Death Tax

Wow talk about weird stuff. This guy put a bet down to hedge against paying an inheritance tax of 3000 pounds. He is 91 so they gave him 6/1 odds that he would die. So if he did take the dirt nap he would have that tax bill covered.

It is a funny story but it makes something like a death tax sound downright evil. A 91 year old man shouldn't have to take out a contract on his own life so his 85 year old wife doesn't have to live in the street. And the idea that if he can't come up with 3000 pounds he needs to stay alive at all costs. I guess that is what insurance (or in this case a bookmaker) is for.

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