Kill the “Death Tax” but keep the Estate ASSET Tax
A crisis of tax policy is expected at the end of this year, when a bundle of deferred decisions and bills all come due at once. Tax writers, while grappling with the federal deficit, must also confront a slew of scheduled tax rate increases, as the Bush tax cuts and the payroll tax cuts expire [...]
A Short & Simple Approach
The problem with the current estate tax: Up to 22,000 Farms, 14,000 real estate partnerships, 29,000 privately held corporations and 170,000 total households will be susceptible to estate taxes in 2011 (Duquesne: Prof. Antony Davies) The ASSET Solution The ASSET proposal is based on permitting the capital gains tax on estate assets of wealthy taxpayers [...]
ASSET in the News: ASSET Explains Why Many American Workers Are At Risk
Jack Fitzgerald, ASSET founder appeared on News Channel 8 “Let’s Talk Live” to talk about how the estate tax threatens many workers who work for private businesses. Since fortune 500 companies don’t pay an estate tax, those workers are never at risk if the CEO or Chairman suddenly dies. The estate tax threatens the medium [...]
Briefing on the Hill
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 [...]
Farmers: Fighting for Families and Jobs
Farmers hold a special place in our society, because they still work the land to provide food, for their own families and for all Americans. The Estate Tax has been one of the farmer’s greatest enemies. Farms often operate with the help of several generations, working side by side each day, along with other people [...]
Economist Steve Entin Working with ASSET
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 [...]
Welcome Farmers
A warm thank you to our Farm friends for hosting ASSET and joining with us in the quest for a permanent solution, using the ASSET method to change the way the estate tax is collected. With the many regulatory challenges you face already, the estate tax is a last straw that adds insult to injury. [...]
Internship with ASSET: Grassroots Organization
General Statement: ASSET is a private, not-for-profit (501[c](4) organization of private businesses, farms and individuals with more than 800 members across multiple states advocating for the change in estate tax collection methodology. The primary purpose of the organization is non-partisan activity focused on educating the general public and their elected representatives about the need for [...]
ASSET State Coordinators Being Identified
ASSET: Americans Standing for the Simplification of the Estate Tax is truly a grass roots initiative because we know “All Politics is Local.” Your voice matters. Each of our states have at least one coordinator who will help keep the membership engaged on a state by state basis. While many of our activities and meetings [...]
Bloomberg: Unintended Consequences
In a recent story by Bloomberg writers Richard Rubin and Steven Sloan note that More U.S. Citizens Toss Passports as IRS Seeks Hidden Assets. According to the IRS, the number of U.S. taxpayers renouncing their citizenship more than doubled to 1,534 in 2010 from 742 in 2009. In a country that has always taken pride [...]