An important element of minimizing the death tax
burden involves pre-mortem planning.
AIADA strongly supports the permanent elimination of the federal death tax
and encourages Congress to repeal this onerous tax once and for all.
Example 1: If the IRA is not contributed to charity, total taxes of $2,628,150 are due on R's $5,000,000 estate, which includes the $2,000,000 IRA; this is the total Federal estate tax, state death tax
and income tax paid by the estate and the heir (as illustrated in Exhibit 2 in the box on p.
The death tax
is more than just a financial burden, it creates an obstacle to expand business, create jobs and provide additional employee benefits.
Permanently eliminating the death tax
is an important step toward increasing fairness in the tax code and promoting economic security.
The "Death Tax
": The death tax
causes termination of family businesses and farms as well as unwarranted confiscation of assets.
Voters specifically reject the arguments used by those who want to keep the estate tax, also known as the inheritance tax or the death tax
, and they are inclined to vote against politicians who support the tax.
Whether the trust is funded with $650,000 or $670,663, there is no Federal estate tax owed, due to the unified credit and the state death tax
Now is the time to kill the death tax
once and for all," stated AIADA Chairman Tim Smith.
Johnson, bought ads today in The New York Times and the Washington Post calling for abolition of the so-called death tax
My family's experience with the death tax
has been eye-opening, and it has motivated us to do what we can to help bring an end to this unfair tax.
The death tax
undermines the values and principles on which our members build their family businesses.