We should NOT punish success, taking a lifetime of savings from multi generational businesses, farmers, restaurant owners, and small business owners.
Call to Action! There Is A New Additional Tax For Individuals And Trusts And Estates.
Despite the progress we’ve made in holding back harmful tax increases on families and their businesses, the Build Back Better Act still includes a significant threat due to two surtaxes imposed on high-income earners.
A 5% surtax on individuals who make over $10 million, but that surtax would apply at ONLY $200,000 of income FOR TRUSTS AND ESTATES! And the additional 3% surtax on those making more than $25 million would apply at ONLY $500,000 of income FOR TRUSTS AND ESTATES!!
Many families hold their business in a taxable trust and would be unjustly singled out with these extraordinarily low thresholds! This is wrong, unjust and makes no sense.
Contact your member of Congress!
Tell them that Trusts and Estates should pay the same rate of surtax that individuals do; if there has to be a surtax at all! Do not discriminate against them!
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.
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