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Internal Revenue Service

Jack Fitzgerald talks ASSET on Capitol Hill

Briefing on the Hill

By ASSET on October 24, 2011

ASSET was on Capitol Hill hosting a briefing with the Center for Freedom and Prosperity.  On September 26, 2011  Jack Fitzgerald, Auto Dealer and Founder of ASSET:  Americans Standing for the Simplification of the Estate Tax participated in a briefing on Capitol Hill called  ”Changing the Estate Tax: Fairly, Immediately, and with Economic Benefit For All.”  The [...]

Posted in Blog | Tagged americans standing for the simplification of the estate tax, ASSET, CRDR, death, estate tax, Internal Revenue Service, IRS, Jack Fitzgerald, reform estate tax, simplify, Tax, tax reform, taxes | Leave a response

Mr. Steve Entin explains the benefits of the ASSET method vs. current collection methodology.

Economist Steve Entin Working with ASSET

By ASSET on September 28, 2011

Steve Entin has been working with ASSET to help more fully develop the ASSET concept as we get closer to drafting legislative language.  Most Recently Mr. Entin joined Mr. Jack Fitzgerald for the briefing held for Congressional Staff in September 2011. Mr. Entin was Deputy Assistant Secretary for Economic Policy at the Treasury Department in [...]

Posted in Blog | Tagged Agriculture, americans standing for the simplification of the estate tax, ASSET, death, estate tax, Internal Revenue Service, IRS, Jack Fitzgerald, reform estate tax, simplify, Tax, tax reform, taxes | Leave a response

Understanding ASSET: A One Minute Video

By ASSET on February 22, 2011

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%.

Posted in Blog | Tagged Adjusted_Gross_Income, AGI, ASSET, Committee to REstore Dealer Rights, CRDR, Darvish, death, Death_tax, Estate, estate_tax, FitzMall, income, income_tax, Internal Revenue Service, Internal_Revenue_Service, IRS, Jack Fitzgerald, reform, simplify, Spitzer, Tax, tax reform, taxes | Leave a response

A Better Idea: The ASSET Way

By ASSET on February 21, 2011

I just finished a new video that’s only one minute long. I think this video is great to share with other business owners, employees, vendors, and family and friends. Please take one minute and let me know what I can do to help make the message even more clear. A Better Idea: Explanation of ASSET

Posted in Blog | Tagged AGI, ASSET, Estate, estate_tax, income_tax, Internal Revenue Service, Internal_Revenue_Service, Jack Fitzgerald, simplify, Tax, taxes | Leave a response

ASSET has a Better Idea…

By ASSET on January 31, 2011

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 [...]

Posted in Blog | Tagged Adjusted_Gross_Income, AGI, ASSET, death, estate_tax, income, Internal Revenue Service, Internal_Revenue_Service, IRS, reform estate tax, simplify, tax reform, taxes | Leave a response

"The estate tax damages the economy when it destroys ongoing, job-producing businesses simply to fund added government consumption."

- Chris Edwards
Director of Tax Policy Studies, Cato Institute

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