An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Ten Family Business Leaders Spotlight Succession Issues in New Family Enterprise USA Video
In a new video, ten generationally-owned family business leaders from around the country discuss concerns they face with succession planning and how it will affect their businesses now, and for their Next Generation of leadership.
The video is part of series, “Unsung Heroes,” presented by Family Enterprise USA to help generationally-owned family businesses face critical issues, including unfair taxation, workplace changes, and succession planning. Family Enterprise USA is a bi-partisan organization advocating for family businesses on Capitol Hill.
The video features ten executives from Maine to Hawaii and from diverse industries, such as food products, construction, chemicals, real estate, and government services.
“Grappling with the issues of transitioning from one generation to the next is of critical concern to generationally-owned family business leadership right now,” said Pat Soldano, President, Family Enterprise USA. “In this video, we talk with ten well-established family business executives about what they are facing today, and how they are dealing with these critical issues in the future,” she said. “The answers are different for each business.”
The ten leaders featured in the video are: Drew Everett, Chairman, Bush Bros. and Co.; Mike Davis, President, Industrial Roofing Cos.; David Rothberg, Chairman, Laticrete Intl.; Sherri Bovino, President, Global 1st Flagship; David Plimpton, President/CEO, Inolex; Chad Goodfellow, CEO, Goodfellow Bros.; David Brown, CEO/President, Wyo-Ben Inc.; Kent Thompson, CEO, Thompson Realty Group; Larry Lippow, President/CEO, Lippow Development Co.; and Mark Peters, CEO, Butterball Farms.
To watch the full video, and others, go to: https://familyenterpriseusa.com/polling-and-research/family-business-stories/
If you have a family business and a story to tell about your success and/or challenges, click here to submit them to us.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals 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 individuals, 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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