The federal estate tax is a burden on family businesses. Not only does the tax threaten to close family businesses, it also takes capital away from the business to pay for expensive estate planning.
Our complex taxcode makes it harder for family businesses to survive, a simpler and fairer tax code is needed for all.
18 States currently impose an estate or inheritance tax, Indiana, North Carolina, Ohio and Tennessee recently repealed their inheritance and estate taxes.
The ever growing list of regulations are adding hours of compliance on family businesses. Limiting the growth of future regulations and reducing the current number of regulations can help reduce the stress on family businesses.