Jun 8, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
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...
Jun 5, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
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...
Jun 3, 2021 | Family Enterprise USA, In The News
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...
Jun 2, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Taxes
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...
May 28, 2021 | Budget Deficit, Family Enterprise USA, In The News
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...
May 27, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
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...
May 26, 2021 | Estate Taxes, Family Enterprise USA, In The News
The estate tax (also known as the death tax) is one of three taxes on assets and businesses passed from one person to another, whether through wills, trusts, or gifts. The other two are the gift tax and the generation-skipping transfer tax. They all have similar rules...
May 20, 2021 | Family Enterprise USA, In The News
John Gugliada Joins Family Enterprise USA As Director Strategic Partnerships And Business Development John Marino Joins Policy And Taxation Group As Director Of Strategic Partnerships And Business Development “Our Board of Directors, a team of experienced...
May 18, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Income Taxes, Taxes
On Wednesday, May 12, the House Ways & Means Select Revenue Measures Subcommittee held a hearing titled “Funding Our Nation’s Priorities: Reforming the Tax Code’s Advantageous Treatment of the Wealthy.” The following witnesses testified at...
May 13, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Income Taxes, Taxes
Earlier today, Congressman Jodey Arrington (R-TX) and Congressman Henry Cuellar (D-TX) and Senator Tom Cotton (R-AR), on a bipartisan, bicameral basis, introduced the Estate Tax Rate Reduction Act of 2021. This legislation would reduce the estate, gift and generation...
