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
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 there’s hope: The word “capitalism”...
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...
Jul 3, 2018 | Blog, Estate Tax Horror Stories, Illinois
As a family owned business for 97 years now, White Castle has learned a lot about what it takes to create an enterprise that’s sustainable and capable of nourishing our team members, and the communities where we live, work and raise our families. Along the way, not...
Jul 2, 2018 | Blog, Estate Tax Horror Stories, Family Businesses
A family operating 100 hardware stores in the Midwest had to sell the business to a private equity firm in the 3rd generation of the family businesses. The family had already endured 2 generations of paying the estate tax and realized they could not survive another....
