Understanding ASSET: A One Minute Video
This video is a one minute explanation of the ASSET proposal, Americans Standing for the Simplification of the Estate Tax, in how to collect the same cash flow revenue to the IRS Internal Revenue Service while at the same time preventing the harm that comes from when a business owner or someone “asset rich” and “cash poor” must sell off all or a portion of an estate in order to pay the IRS the 35%, 45% or 55%.
A Better Idea: The ASSET Way
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Testimony by Don Marron – Urban Brookings at Senate Finance 2/2/2011
America’s tax system is broken. It’s needlessly complex, economically harmful, and often unfair. It fails at its most basic task, raising enough money to pay our government’s bills. And it’s increasingly unpredictable, with large, temporary tax cuts not only in the individual income tax, but also in corporate, payroll, and estate taxes. For all those [...]