Jun 24, 2021 | Blog, Family Businesses, Family Enterprise USA Action, In The News
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, Family Enterprise USA Action, In The News, 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, Family Enterprise USA Action, In The News
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, Family Enterprise USA Action, In The News
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, Family Enterprise USA Action, In The News
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...
Jun 2, 2021 | Blog, Death Tax, Estate Tax, Family Enterprise USA Action, In The News
Contact Your Member Of Congress There are efforts in DC to make the estate tax (death tax) worse; higher than a 40% tax on your business and all your assets! But there is hope; a bill to reduce the rate of tax from 40% to 20% has been introduced in the House HR 3178...
