Aug 20, 2021 | Blog, Death Tax, Estate Tax, Family Businesses, In The News, Step-Up In Basis
Contact Your Member of Congress - It Only Takes a Minute With proposals emerging from the Biden White House that would raise the estate and capital gains taxes on America’s family-owned businesses, we were commissioned to ask the American people where they...
Aug 13, 2021 | Blog, Family Businesses, In The News, Step-Up In Basis
Contact Your Member of Congress - It Only Takes a Minute Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report. Early Wednesday morning, Sen. John Thune (R-SD) offered Amendment #3106 to the Senate budget resolution,...
Aug 11, 2021 | Blog, Family Businesses, In The News, Step-Up In Basis
Contact Your Member of Congress - It Only Takes a Minute Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report. Early Wednesday morning, the Senate reached an agreement on S.Con.Res.14, FY2022 Budget Resolution. Over 40...
Jun 24, 2021 | Blog, Family Businesses, Family Enterprise USA Action, In The News
Contact Your Member of Congress President Biden has proposed an elimination of step up in basis and an increase in the capital gains tax; how much will this impact family businesses? See the example below. A $50 million family business could be subject to a $82...
Jun 20, 2021 | Blog, Family Businesses, In The News
Register Now Family Business Matters; Research, Data and Issues Facing Family Businesses in 2021 Family Businesses employ 59% of all workers in the US and generate 54% of GDP, (“2021 Contribution of Family Businesses to the US Economy”; Piper and Astrachan by FEUSA),...
Jun 18, 2021 | Blog, Family Businesses, Family Enterprise USA Action, In The News, Video Post
Contact Your Member of Congress President Biden has proposed the elimination of the “step up in basis,” while keeping the 40% (or higher) estate tax on the full value of a family business owner’s assets. That means that each person who inherits a business will pay...
