Apr 7, 2022 | Blog, California, In The News
Richard RuddickHe was an heir as a result of death and had to sell half of the farmland to come up with enough money to pay the estate tax. There was no feasible way that our farming children could pay the estate taxes that would be due and have the ability to...
Apr 4, 2022 | Blog, In The News, Texas
The Steubings plan to leave their properties to their daughters when they pass so they can continue the family’s ranching heritage, but Biden’s tax proposals have them extremely concerned that future generations’ inheritances may be gobbled up by taxation. Through his...
Dec 28, 2020 | Arkansas, Blog, In The News
Many members of Congress do not believe that family businesses are sold to pay the estate tax or suffer economically. Family members suffer, employees lose jobs, and the local community loses the charitable giving from the business. Read the story of Anthony...
Jul 2, 2019 | Blog, Death Tax, Estate Tax, Estate Tax Horror Stories, Family Businesses, Family Enterprise USA, Policy And Taxation Group
[vc_row][vc_column][vc_column_text] While I can’t say I’m pleased with what we learned, I am encouraged that there is a roadmap forward. Capitalism isn’t dead, but it is certainly damaged thanks to decades of political attack and corporate abuse. But...
Jul 5, 2018 | Arkansas, Blog, Estate Tax Horror Stories, Family Businesses
My personal view, for what is might be worth, is that lowering the corporate tax rate from the current 35% to 20% is too big a cut and unnecessary to serve the purpose intended. Certainly, a cut is needed, but just as certainly a reduction to 25% would provide the...
Jul 4, 2018 | Blog, California, Estate Tax Horror Stories, Family Businesses
June 13, 2018 My father started an aerospace component manufacturing business March 31, 1961 in Maywood, California. He started it by himself investing $7,500 dollars in the business. He hired one person. He struggled for 10 years before he finally made a profit. His...