The Issue.....
When a family member inherits a family business after the death of its owner, they don't simply pay taxes for the liquid assets inherited. Truth is, they have to pay the government up to 55% in taxes -- in cash -- on all assets, including land, building, equipment, and more. Because the estate taxes are unreasonably high, many heirs who cannot afford to pay them are forced to sell their business, break up or liquidate their assets.
Momentum continues to build in Washington, D. C. for repeal or significant modification of the federal estate (death) tax. The president has included repeal of the tax in his tax package which is currently being considered by both houses of Congress.
It is critical that everyone become aware of this abysmal public policy and take action! Every effort needs to be made to let congress know how important it is to repeal or substantially modify the death tax.
Need to know more before you take action?
