by Ian Wynne | 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”...
by Policy and Taxation Group Admin | 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...
by Policy and Taxation Group Admin | 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...
by Policy and Taxation Group Admin | 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...
by Policy and Taxation Group Admin | 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....
by Policy and Taxation Group Admin | Sep 17, 2017 | Blog, California, Estate Tax
In 2005, Elizabeth Marshall Maybee inherited a 3000-acre Northern California ranch from her grandmother that had been in the family since the 1880s. However, “the Marshall Ranch, which survived the Great Depression and survived a case of eminent domain for the...
