FrankRep
04-01-2008, 01:38 PM
It's Time for Congress to Permanently Repeal the Estate Tax!
JBS Alerts
April 1, 2008
Since its inception in 1916, the estate tax, also known as the inheritance tax or the death tax, has made it very difficult for a large number of Americans to reach certain thresholds of wealth without having to limit the size of their companies, estates, or farms, in order to avoid the tax. In many cases, Americans have had to sell their hard-earned assets, in order to pay the onerous tax, which has sometimes seized more than half of one's assets at the time of death.
The practical impact of the estate tax has been to consolidate mid-sized, individually owned companies into huge corporate conglomerates. History has shown that most mid-sized companies simply cannot remain in business after the estate tax seizes half the company's capital.
Repeal of the estate tax would especially benefit family farms and small businesses, which are the backbone of the American economy. Fortunately, a bill has been introduced in Congress to permanently repeal the estate tax.
To take action on this issue click here:
http://capwiz.com/jbs/issues/alert/?alertid=11205381&type=CO
( Forward this to everyone you know! )
JBS Alerts
April 1, 2008
Since its inception in 1916, the estate tax, also known as the inheritance tax or the death tax, has made it very difficult for a large number of Americans to reach certain thresholds of wealth without having to limit the size of their companies, estates, or farms, in order to avoid the tax. In many cases, Americans have had to sell their hard-earned assets, in order to pay the onerous tax, which has sometimes seized more than half of one's assets at the time of death.
The practical impact of the estate tax has been to consolidate mid-sized, individually owned companies into huge corporate conglomerates. History has shown that most mid-sized companies simply cannot remain in business after the estate tax seizes half the company's capital.
Repeal of the estate tax would especially benefit family farms and small businesses, which are the backbone of the American economy. Fortunately, a bill has been introduced in Congress to permanently repeal the estate tax.
To take action on this issue click here:
http://capwiz.com/jbs/issues/alert/?alertid=11205381&type=CO
( Forward this to everyone you know! )