Assets Quote by Ric Keller
“The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.”
About This Quote
Source Article: Tax Policy Analysis, 2015
The estate tax forces many small family businesses to close, despite assets already being taxed on income.
In simple terms: Estate tax can kill family businesses.
Key Takeaway
Consider tax reform for small firms.
Themes
tax
family business
policy
Mood
critical
concerned
Type
political
analytical
When to use this quote
- business succession
- financial planning
- legislative advocacy
Key Concepts
economic impact
fairness
Questions to Reflect On
- What alternatives could protect small businesses?
A Different Perspective
Does the tax truly target wealth or merely penalize inheritance?
![“[When I die], I will decidedly not be regretting missed opportunities for a good time. My regrets will be more along the lines of a sad list of people hurt, people let down, assets wasted and advantages squandered.” quote by Anthony Bourdain](https://sms4smile.com/quotes/img-quotes/ba3/anthony-bourdain-649_advantage_when-i-die-i-will-decidedly-not-be-regre_24502.jpg)
