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Repeal the Death Tax!

Support HR 1105 in the House and S 860 in the Senate

Support HR 1105 in the House and S 860 in the Senate.

The old saying goes, "There are two certainties in life: death and taxes." That doesn't mean they should be combined. 

Whether it comes by natural causes, sickness, an accident, or something unspeakably worse, the death of a loved one is something that brings about unimaginable pain and stress. Everyone can agree that the last thing anyone needs following the loss of a loved one is endless meetings with lawyers, accountants, and IRS agents to figure out how large of a check needs to be cut to Uncle Sam. 

Yet the Death Tax, formally the Estate Tax, is a draconian 40 percent tax on the combined value of all of someone's possessions when they die. What the death tax sets up is a perilous situation for small, family-owned businesses. If a family member owns the entirety of or a major share in a privately-held business, their death forces the surviving members or inheritors to come up with the cash equivalent of 40 percent of the deceased’s stake in the company. There is not a single business owner in the country able to cut a check for 40 percent of their company’s net worth today and keep their doors open tomorrow. It doesn’t take too long to realize that the term “death” tax holds a duel meaning:  

This policy kills businesses.

The death tax forces small businesses that experience an ownership death to immediately begin liquidating assets and, as any business owner will tell you, their most easily dispatched cost is labor. So first go the jobs created by the company. Next goes the company itself, as it is forced to sell the very things it requires to do business in order to make enough cash available to comply with the tax.  As devastating as this is for the business and its employees, it is also a drag on the entire economy. Unemployment rises, fewer investments and capital purchases are made, and prices rise across the market as competing firms adapt to reduced competition. In addition, we are all deprived of the choice to purchase whatever good or service that company offered.

To make matters worse, the death tax barely registers on the federal budget. It comprises .3 percent of federal revenue. Simply eliminating wasteful and redundant programs could save the government 4 times what the death tax brings in each year, according to the Government Accountability Office. 

In short, the death tax is immoral and counter-productive. It needs to be eliminated.

Contact your Representative and Senators and tell them to support HR 1105 in the House and S 860 in the Senate to Kill the Death Tax.

Read more about the Death Tax and why it should be repealed here.

Post Public Comments

Public Comments (376)
Nov 9th, 2016
will h. from Mobile, AL signed.
Mar 28th, 2016
Someone from Flagstaff, AZ signed.
May 26th, 2015
Hugh G. from Sterling, AK writes:
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Kill it!
May 6th, 2015
Someone from Albuquerque, NM signed.
Apr 11th, 2015
Larry L. from Loogootee, IN writes:
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Support HR 1105 in the House and S 860 in the Senate. The old saying goes, "There are two certainties in life: death and taxes." That doesn't mean they should be combined. Whether it comes by natural causes, sickness, an accident, or something unspeakably worse, the death of a loved one is something that brings about unimaginable pain and stress. Everyone can agree that the last thing anyone needs following the loss of a loved one is endless meetings with lawyers, accountants, and IRS agents to figure out how large of a check needs to be cut to Uncle Sam. Yet the Death Tax, formally the Estate Tax, is a draconian 40 percent tax on the combined value of all of someone's possessions when they die. What the death tax sets up is a perilous situation for small, family-owned businesses. If a family member owns the entirety of or a major share in a privately-held business, their death forces the surviving members or inheritors to come up with the cash equivalent of 40 percent of the deceased’s stake in the company. There is not a single business owner in the country able to cut a check for 40 percent of their company’s net worth today and keep their doors open tomorrow. It doesn’t take too long to realize that the term “death” tax holds a duel meaning: This policy kills businesses. The death tax forces small businesses that experience an ownership death to immediately begin liquidating assets and, as any business owner will tell you, their most easily dispatched cost is labor. So first go the jobs created by the company. Next goes the company itself, as it is forced to sell the very things it requires to do business in order to make enough cash available to comply with the tax. As devastating as this is for the business and its employees, it is also a drag on the entire economy. Unemployment rises, fewer investments and capital purchases are made, and prices rise across the market as competing firms adapt to reduced competition. In addition, we are all deprived of the choice to purchase whatever good or service that company offered. To make matters worse, the death tax barely registers on the federal budget. It comprises .3 percent of federal revenue. Simply eliminating wasteful and redundant programs could save the government 4 times what the death tax brings in each year, according to the Government Accountability Office. In short, the death tax is immoral and counter-productive. It needs to be eliminated.
Apr 9th, 2015
Steve M. from Bullhead City, AZ writes:
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I have worked hard for the last 55 years for what I have. No one gave me anything, except a hard time and now YOU want to take it away with another damn tax? Go to HELL! That is as acceptable as having Obama in my White House. Do your job, get RID of the TREASONOUS BASTARD Obama. NOW!
Apr 7th, 2015
tess s. from Ocean Shores, WA signed.
Apr 7th, 2015
Someone from Coal Township, PA signed.
Apr 7th, 2015
Julie B. from Moreno Valley, CA signed.
Apr 5th, 2015
Pamla I. from Dayton, OH signed.