Tax Efficiency: Effective Strategies for the Long Term
Thank you to BNY Mellon Wealth Management for this report. Managing and mitigating the drag of taxes is a key component of our Active Wealth approach. Here’s a look at how it can unlock value across generations. When it comes to wealth management, planning is...
CAUTION: Elimination of Step Up in Basis Could Destroy Your Business!
Contact Congress Now 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 below shows an...
Job Loss Example Due to Repeal of Step-Up Of Basis
Take a Minute and Contact Your Member of Congress Now 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!!! Family Enterprise USA advocates for...
Economic Impact from Repeal of Step-up in Basis
Take a Minute and Contact Your Member of Congress Now 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...
Champion Women Profiles: Pat Soldano
IWF is pleased to announce that Pat Soldano, perhaps the most important leader in the country fighting to kill the “death tax,” is the latest entry in our popular series of Champion Women profiles. It’s a good time to be talking to Pat. President Biden has plans...
Reach Out To Congress: Ask Them To Sponsor The Estate Tax Rate Reduction Act of 2021
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...
Update on Biden Administration FY22 Budget Request & Treasury “Green Book”
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The Biden Administration this afternoon released its FY22 Budget Request. The proposal, which is estimated to cost more than $6 trillion, would dramatically expand the size and...
Warning; Elimination of Step Up in Basis could destroy your business!
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 below shows an example of a...