The Death Tax - Killing Family Business and the American Ecomony
January 7, 2010Author: Estate Tax (Death Tax)
An increase of the Estate Tax (Death Tax) on family businesses is currently being considered in Congress. This tax is levied only against family businesses (not public companies). The Death Tax makes it difficult or impossible for a family business to passed from generation to generation, and here in Maine we have many of those family businesses.
Congress is considering raising the Death Tax to an astonoshing 45%. The attached study shows why eliminating the Death Tax is a better move for the American Economy than raisining it to 45%.
The video below highlights Hancock Lumber here in Maine, and the difficulties they face as a result of the dreaded Death Tax.
Video and Audio
