Did you know the Estate Tax affects our economy?
It hurts the economy and threatens our jobs.
We believe that only millionaires should pay Estate Taxes and ALL pay the same share.
Today’s “loophole ridden” law allows the “super rich” to pay nothing, while others overpay.
Why is this so important to you? Because it’s the economy!
According to Professor Davies
from Duquesne University:
- 170,000 Households
- 22,000 Farms
- 14,000 Real Estate Partnerships
- 29,000 Privately-held Corporations
…will be susceptible to estate taxes in 2011.
This really hurts our economy by forcing businesses and farms to be sold, thus putting people out of work. All of these unintended consequences are eliminated with ASSET’s Solution. And the government will receive the same revenue initially and ultimately much more.
Our Fix: Simplify It
Let millionaires pay a small percentage of their annual income, 15K to 20K per million, to replace the current estate tax revenue. They are probably already spending that much, or more now, in compliance/avoidance costs. The charge is small because everyone pays the same share. No loopholes. Ultimately, capital gains tax on estate assets will replace the charge and generate even more revenue for the government. All the horrible unintended consequences are eliminated.
See The ASSET Solution for more details.
