ASSET has a Better Idea…
The President has called for closing tax loopholes. The estate tax has more “loopholes” than Swiss cheese and experts say the super rich don’t pay it. If I liquidated my business I wouldn’t pay it either. But what happens to the 1,200 jobs there? Today’s estate tax costs jobs. That’s wrong. ASSET has a better [...]
Now Is The Time
THE PROBLEM: The federal estate tax is supposed to contribute to the overall progressivity of the tax system but in reality, it is broken. Because of complex loopholes, many very wealthy families are able to avoid or substantially minimize paying estate taxes and have done so for decades; The current estate tax structure creates inefficiencies [...]