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Although it brings in surprisingly low revenue for the U.S. Treasure, the \u201cdeath tax\u201d has its fans.<\/p>\n
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Several famous members of the billionaires\u2019 club are the vocal advocates for higher estate taxes. Bill Gates, Warren Buffett, and Michael Bloomberg reap enormous favorable publicity by calling for higher estate taxes. Indeed, when it comes to the estate tax, they seemingly echo Oliver Twist, begging, \u201cMore, please, sir, more.\u201d But that doesn\u2019t mean the virtuous billionaires themselves are actually going to pay the estate tax.<\/p>\n
\u201cIt\u2019s not the Bill Gates or the Warren Buffetts who are affected,\u201d says Soldano. \u201cFirst of all, they\u2019re not going to pay it. Warren Buffett admits his family is not going to pay this tax, ever. He just thinks it\u2019s good for other people to pay the tax. So, I get really incensed when I hear this from the very wealthy. Yes, the very, very wealthy often do pay this tax, but they are not the people that it really hurts. The people it really hurts are the people in this country who are creating businesses and generating jobs.\u201d<\/p>\n
As president of Family Enterprise USA, a nonprofit advocacy organization founded in 2007, Pat Soldano has made it her mission to help family businesses remain afloat and in the family. Soldano has been working since she was 16, when her boss at a five and dime company helped her learn bookkeeping and accounting.<\/p>\n
She makes a moral argument against the death tax and, while doing so, also weaves fascinating stories about the effects of the tax on real people.<\/p>\n
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Family Enterprise USA<\/a> 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.<\/a><\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” button_text=”Are you an FEUSA Member? If not, get in on the movement today!” button_alignment=”center” admin_label=”Call to Action Button” _builder_version=”4.9.3″ _module_preset=”default” custom_button=”on”][\/et_pb_button][et_pb_video src=”https:\/\/www.youtube.com\/watch?v=CpXRbRBhPKc” _builder_version=”4.9.4″ _module_preset=”default”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" IWF is pleased to announce that Pat Soldano, perhaps the most important leader in the country fighting to kill the “death tax,\u201d is the latest entry in our popular series of Champion Women profiles. It\u2019s a good time to be talking to Pat. President Biden has plans to breathe new life into the death tax. […]<\/p>\n","protected":false},"author":2,"featured_media":3511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[3,78],"tags":[],"class_list":["post-3620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feusa","category-in-the-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/3620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3620"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/3620\/revisions"}],"predecessor-version":[{"id":3640,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/3620\/revisions\/3640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/3511"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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