This Tax Change Could Keep Your Business Alive After Your Death
by: Diana Furchtgott-Roth — Manhattan Institute As 2014 draws to a close, many people are thinking of tax planning strategies. Some might donate to charity, others might choose to pay state taxes early. One novel idea that has just been proposed on Capitol Hill would allow people to decide when to pay estate taxes. True, [...]
ASSET Bill Introduced in Congress: Big Win for Private Sector Jobs
by: Jordan Silverman — ASSET Last Thursday, December 11, 2014, the ASSET bill (H.R. 5872) was introduced into the House by Rep. Andy Harris (R-MD). This news represents a significant victory for private businesses owners, ranchers and farmers, and the millions of Americans still struggling to find work. The ASSET bill signifies the beginning of a [...]
ASSET Continues to Push for Estate Tax Reform on the State Level
by: Jordan Silverman — ASSET Legislators in New Jersey are frantically moving to save jobs in their state by attempting to raise the threshold for the state estate tax, or simply by eliminating it all together. New Jersey is burdened with the lowest estate tax threshold of any state in the U.S. at $675,000 and [...]
ASSET CALLS ON WAYS & MEANS TO INCLUDE REFORMING ESTATE TAX
Statement of Jack Fitzgerald, ASSET Coalition 2-28-2014 WASHINGTON DC – The drafters of the proposed Tax Reform Act missed the opportunity to resolve the significant inefficiencies and economic dislocation associated with the estate tax. While the tax reform proposal may have much to offer small businesses, I am amazed that the House Ways and Means [...]
Estate Tax Hearing in Maryland: Helping Small Business
Annapolis MD – Few people took notice outside of the hearing room, but the Maryland General Assembly Ways & Means Committee had a meeting this week on MD House bill 722 to help Qualified Family Owned Businesses with the estate tax. This was scheduled to gather input for the summer study requested by Chair Sheila [...]
ASSET Applauds Small Business Committee For Hearing on Tax Reform
ASSET offers solution in testimony for small business on estate tax to curb job losses. Washington, DC – April 9, 2013 The U.S. House Small Business Committee is holding a hearing on ideas for simplifying the tax code and the need to address the estate tax and its impact on small businesses on Wednesday, April [...]
Congressman Roscoe Bartlett Calls for Changes in Dumb Death Tax That Destroys Jobs and Small Businesses
Washington, DC – “Could there be a dumber tax than this where the cost of compliance equals the amount of money that the government collects from this?,” Congressman Roscoe Bartlett asked at a hearing today by the Subcommittee on Economic Growth, Tax and Capital Access of the House Small Business Committee about “Planning for the [...]