Newsline

Newsline , Society

AMAC Magazine Exclusive – The Death Tax is Killing America’s Family Businesses

Posted on Wednesday, September 29, 2021
|
by The Association of Mature American Citizens
|
1 Comments
|
Print

By: Palmer Schoening

tax

The IRS defines the estate tax as a tax on “your right to transfer property at death.” You cannot pay the estate tax without dying, and death is the triggering event for the tax, which is why it can more accurately be dubbed the “death tax.” After a lifetime of hard work for America’s family business owners, if they are successful enough after already paying multiple layers of taxation, the government’s reward is the death tax. Members of Congress, academics, economists, and journalists constantly debate the death tax’s fairness and efficiency as a tax collection method.

Read the Full Article in the Digital Edition of the AMAC Magazine

 

Share this article:
Subscribe
Notify of
guest
1 Comment
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
Laurence Almand
Laurence Almand
2 years ago

Yet another scheme by the bureaucrats to steal money from the people.

An older blonde women laughing in the kitchen with a grey haired man.
AMAC’s Medicare Advisory Service
The knowledge, guidance, and choices of coverage you’re looking for. The exceptional service you deserve.
The AMAC App on 3 different iPhone
Download the AMAC App
The AMAC App is the place to go for insightful news wherever you are and whenever you want.
Donald Trump speaking with supporters at a campaign rally at the Prescott Valley Event Center in Prescott Valley, Arizona.
Pro-Palestine, anti-Israel protest in New York during Gaza war. Pro-Palestine, anti-Israel protesters hold a rally in New York City during fighting between Israel and Hamas in the Gaza Strip
Israeli civillians gathered in solidarity for ceasefire between Israel and Gaza, holding banners for the missing and kidnapped. Tel Aviv, Israel - OCT 28, 2023 - Israeli civilians gathered in solidarity for ceasefire between Israel and Gaza, holding banners for the missing and kidnapped Israeli people, Kaplan Street, Tel Aviv
Newspapers announce Donald Trump s guilty conviction. Donald Trump s criminal conviction headlined in newspapers at news stand in Los Angeles

Stay informed! Subscribe to our Daily Newsletter.

"*" indicates required fields

1
0
Would love your thoughts, please comment.x
()
x

Subscribe to AMAC Daily News and Games