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.
You may not be aware, but our Mission at Policy and Taxation Group has expanded in 2023. We’re sending this message to you to make you’re aware of this important change, in case you did not know.
The Mission of Policy and Taxation Group
Since 1995, PATG has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax. But in 2023 we realized that family offices and successful individuals were under attack, with the possibility of changes in tax and economic policy that would significantly harm them and families.
So, the Mission of Policy and Taxation Group now includes ALL TAX AND ECONOMIC ISSUES AFFECTING FAMILY OFFICES AND SUCCESSFUL INDIVIDUALS.
In addition to other polices, Policy and Taxation Group is 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.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, D.C., focused exclusively on the critical tax and economic policies that impact them.
The Importance of Our Combined Missions
Each year our two organizations, Family Enterprise USA and Policy and Taxation Group, take on the task of advocating in Washington, D.C., on behalf of family businesses, successful individuals, and family offices.
Each organization has a specific mission and advocates for different audiences in different ways.
Family Enterprise USA is focused on family businesses of all sizes and in all industries. Its mission is to educate legislators on Capitol Hill on the importance of family businesses to our economy.
Policy and Taxation Group’s mission is to lobby and advocate on Capitol Hill for family offices and successful individuals, both important engines that create jobs and drive economic growth.
With your help, our two organization are making significant gains in helping to create better economic and tax policies benefitting family businesses, successful individuals, and family offices, and calling out, and stopping, policies that can cause harm.
We thank you for your support in 2024 and look forward to your continued support in 2025.
We hope you've enjoyed this article. While you're here, we have a small favor to ask...
As we prepare for what promises to be a pivotal year for America, we're asking you to consider becoming a member.
The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax