Tax
Relief
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NFIB fights to
ensure that small business has a voice on
Capitol Hill and in the IRS. Taxes are
considered by business owners to be one of the
greatest threats to their success. Is this
really the role of the IRS?
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Think the Death Tax only
hits the super-rich . . . Carnegies, Kennedys
and Rockefellers? Think again! Often the victims
hardest hit by the Death Tax are middle-class,
hard-working Americans . . . small business
owners and employees, family farmers and
ranchers. That's why 89% of NFIB members favor
full and total repeal of the Death Tax, and why
NFIB is leading the charge to bury the Death Tax
once and for all!
"Death Tax & Small
Business: A Morbid Combination" Originally
intended to prevent the concentration of wealth
that worried our Founding Fathers and later
intended to raise revenue during wartime, the
Death Tax in its current form is destructive to
America's entrepreneurs. Many small businesses,
farms and ranches must be liquidated piece by
piece or sold outright in order to secure cash
to pay the Death Tax bill. Still other
businesses are forced to take out loans or forgo
reinvesting capital into their business in order
to meet the tax demand. Worse yet, small
business owners are not the only ones impacted;
jobs and communities are often hurt when the
Death Tax takes its toll.
Regardless of
whether or not a small business is hit directly
with the Death Tax penalty, thousands of small
businesses are impacted each year by expensive
fees paid to attorneys, accountants and life
insurers necessary to prepare for an eventual
Death Tax debt. NFIB members repeatedly state
that they resent paying taxes on already-taxed
assets, and are frustrated by throwing money at
preparation costs rather than on more productive
measures such as business expansion and employee
benefits.
Small business owners, farmers
and ranchers know the truth: the Death Tax is
not an issue of politics or partisanship, but
rather an issue of fairness, family, community
and keeping alive the American Dream! Please
join us in our efforts to bury the Death Tax
once and for
all!
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