Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings
Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings
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In our eReader you can find the full English version of the book. Read Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings
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To quickly assess the difficulty of the text, read a short excerpt:
The old saying, "Farmers live poor and die rich, " makes our industry one of the major payers of Federal estate taxes. Most farmers have as one of their major goals to pass the farm on to the next generation. I believe you have heard testimony that states that only 30 percent of family businesses are passed in- tact to a second generation and only about 13 percent as passed in- tact to a third generation.
I witnessed my next door neighbor having to sell 360 acres just to pay the estate tax. I a...m also concerneof as my own farm ap- proaches this difficult era, as my parents now exceed 75 years of age. Estate planning is one of the most difficult of all decisions a multigeneration farm family has to discuss. I truly believe our fore- fathers knew that a land cared for and nurtured by an heir would bring strength and economic vitality to our country. Estate taxes are forcing sales of farms, increasing the rate at which farms are gobbled up by the corporate world. The estate tax must be abol- ished if we are to preserve family farms in this country, I want to thank you for listening to my humble views on this critical issue.
What to read after Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Small to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The old saying, "Farmers live poor and die rich, " makes our industry one of the major payers of Federal estate taxes. Most farmers have as one of their major goals to pass the farm on to the next generation. I believe you have heard testimony that states that only 30 percent of family businesses are passed in- tact to a second generation and only about 13 percent as passed in- tact to a third generation.
I witnessed my next door neighbor having to sell 360 acres just to pay the estate tax. I a...m also concerneof as my own farm ap- proaches this difficult era, as my parents now exceed 75 years of age. Estate planning is one of the most difficult of all decisions a multigeneration farm family has to discuss. I truly believe our fore- fathers knew that a land cared for and nurtured by an heir would bring strength and economic vitality to our country. Estate taxes are forcing sales of farms, increasing the rate at which farms are gobbled up by the corporate world. The estate tax must be abol- ished if we are to preserve family farms in this country, I want to thank you for listening to my humble views on this critical issue.
What to read after Fundamental Tax Changes Needed to Unleash Americas Small Businesses Hearings?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Small to read onlineMoreLess
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