Jun 25, 2021 | Blog, Death Tax, Estate Tax, In The News, Policy And Taxation Group, Video Post
Contact Your Member of Congress - It Only Takes a Minute Watch and hear the “real story” of how the Biden tax proposals could affect a real family business as David Plimpton, CEO of Inolex, which employs 170 team members, tells us the impact the Biden tax proposals...
Jun 24, 2021 | Blog, Family Businesses, In The News, Policy And Taxation Group
Contact Your Member of Congress President Biden has proposed an elimination of step up in basis and an increase in the capital gains tax; how much will this impact family businesses? See the example below. A $50 million family business could be subject to a $82...
Jun 18, 2021 | Blog, Family Businesses, In The News, Policy And Taxation Group, Video Post
Contact Your Member of Congress President Biden has proposed the elimination of the “step up in basis,” while keeping the 40% (or higher) estate tax on the full value of a family business owner’s assets. That means that each person who inherits a business will pay...
Jun 15, 2021 | Blog, Family Businesses, In The News, Policy And Taxation Group
Contact Your Member of Congress While the devil is in the details, it is possible that if President Biden’s elimination of step-up in basis proposal is passed by Congress you could be paying an estate tax at 40%, and a capital gains tax at 43.4%. The graphic...
Jun 8, 2021 | Blog, Family Businesses, In The News, Policy And Taxation Group
Contact Your Member of Congress - It Only Takes A Minute A significant portion of the burden of repeal of step-up of basis would fall on workers through reduced labor productivity, wages, and employment. Please Take Action Today Policy and Taxation Group is your voice...
Jun 5, 2021 | Blog, Family Businesses, In The News, Policy And Taxation Group
Contact Your Member of Congress - It Only Takes A Minute President Biden has proposed the elimination of the “step up in basis,” while keeping the 40% (or higher) estate tax on the full value of a family business owner’s assets. That means that each person who...
