Just Another Blog
Wednesday, October 16, 2002
 
Pauper Bequeaths Millions to NYC

Here's an interesting story from Fox about a rich guy named Joe Temeczko who apparently no one knew was rich and who left his entire estate to New York City to honor the victims of September 11, 2001. The public coffers all over owe this guy a thanks. If NYC got $1.4 million, the federal taxes probably were close to $1.5 million, and, surely, the state of Minnesota took their share too. Get rid of the estate tax and NYC would have had a sizably larger sum with which to do good. Assuming of course that they actually do choose to use the money to do good.