Pennsylvania to Collect Largest Estate Tax Check

The estate of Tribune Review publisher Richard Mellon Scaife paid $100 million in inheritance taxes, “the largest by far” received by Pennsylvania.  “Today, the executors of Mr. Scaife’s estate made an advance payment of Pennsylvania Inheritance tax in the amount of $100 million.  As has been reported, Mr. Scaife had a significant estate, [the value of which has yet to be set.] This is the first of several estimated tax payments by the executors until the final amount of the inheritance tax due is determined,” said estate lawyer Yale Gutnick.



Last year, the state collected $877.4 million in inheritance taxes and estimate receiving more than $934 million in inheritance taxes for the current fiscal year.  The tax paid by the Scaife estate would equal more than ten percent of the yearly estimated total. 

See Rich Cholodofsky, Scaife Estate Tax Payment of $100M Filed, Trib Live News, Oct. 3, 2014.