Original sentence: , Estate Tax Simplification Idea for 2011–2012
Edited sentence: ASSET proposed a solution to solve this problem by changing the estate tax collection method from one that requires a payment at the time of death to one that is based on the sale of estate assets through capital gains rates when they are sold.According to Jack Fitzgerald, local car dealer and founder and chairman of ASSET, the fear of the estate tax leads many small business owners to liquidate at fire sales before or immediately after the owner's death and also encourages them to over purchase life insurance to satisfy future tax burdens.Americans Standing for the Simplification of the Estate Tax (ASSET) have made a similar argument by explaining how the estate tax disproportionately burdens families, small business owners, farmers, and ranchers.This program would be completely voluntary and therefore would not involve a new tax being imposed by Congress.Those taxpayers who opt in to the ASSET plan would pay only a 1% surcharge on their annual income while they are alive and no estate tax would be assessed once they have died