How to Join Contribute Home Links Legislative Policy Click here for Adobe Acrobat version. Taxing the act of death is indefensible families should not have to worry about Uncle Sam reaching into their pockets when they are grieving the loss of a loved one. It represents a most painful form of double and sometimes triple taxation. The same dollar is taxed as individual income, corporate income and at the time of death. The government should not be supporting the breakup of many small businesses and farms.
Current thresholds hurt small business owners and farmers.
Even land and equipment are included in this amount. Often they are forced to sell because they are unable to afford the taxes. It is a highly regressive tax. New citizens and some minorities who have not had the luxury of accumulating generational wealth are unfairly targeted. These people are asked to return half of their wealth to the government, simply because they have died.