Deficit Depends on Rich People Dying

Solution to D.C. Deficit Depends on How Many Rich People Die:

Morbid, but True. Washington D.C. is looking at a $322 million deficit in 2012, and that's a debt tax increases and budget cuts may not be able to patch easily. However, The Washington Business Journal's Michael Neibauer reports the city could receive a huge payday from its wealthiest residents dying, and their resulting estate tax payments. 

- CT

[Washington Business Journal]

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