Eliminating the death tax is particularly important for the many small business owners and family farmers that call Central Washington home.
Eliminating the death tax is particularly important for the many small business owners and family farmers that call Central Washington home.
I hope that the Senate acts quickly to pass this legislation so that Americans will no longer worry about having to sell the family farm or business to pay taxes after the death of a loved one.
Unfortunately, actions taken by the Senate ensured that relief from the death tax would only be temporary and that it would come back to life at the full rate again in 2011.
With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren.
In six short years, small business owners and family farmers will once again be assessed a tax on the value of their property at the time of their death, despite having paid taxes throughout their lifetime.
© 2020 Inspirational Stories
© 2020 Inspirational Stories