Estate Taxes
Family businesses created nearly 8 of every 10 new jobs (78%) from 1977 to 1990.

Study of Nearly 1,000 Family Business Owners

C. Estate Taxes and Jobs

  • Table 4 - Business Liquidation, Job Losses and Estate Taxes
Past impact on jobs: Total (ALL 96 firms) Average among ALL responding firms Total (39 AGRICULTURE firms) Average among AGRICULTURE firms
% of businesses force to shrink or restructure when estate taxes last came due 37% - 23% -
Jobs lost when estate taxes came due 732 8
(n=95 firms)		 76 25
(n=3 firms)
Current impact on jobs:
% of business owners less willing to wait for a major investment to pay off 36% - 46% -
% of business owners less willing to invest in a risky project 68% - 68% -
% of business owners who would employ more peole if there were no estate taxes 59% - 54% -
Additional number of employees now if there were no estate taxes 9,242 19
(n=497 firms)		 225 13
(n=18 firms)
Future impact on jobs:
% of business owners who expect the need to liquidate all or part when estate taxes next come due 33% - 37% -
% of expected liquidation 54% (n=297 firms) 36% (n=12 firms)
Expeced job losses when estate taxes next come due 20,723 70
(n=297 firms)		 293 23
(n=13 firms)