The data is in! See what family owned businesses are saying about today’s challenges and opportunities.
If you’re wondering how the re-introduction of a “Billionaires Income Tax Act” in Congress will affect you, this video provides easy to follow examples of the negatives and positives of this mark-to-market proposal.
The bill is designed to tax the unrealized annual gains on tradable assets held by successful families and family-owned businesses.
This legislation is causing significant concern among family business owners and tax experts because it would subject increases in a business’s asset value to a new tax, potentially forcing owners to pay taxes on “phantom gains” without realizing cash. Proponents argue the bill creates a fairer tax system while opponents warn it would damage successful family-owned businesses.
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The need for fact-based reporting of issues important to family offices and successful families and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful families are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful families, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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