| The American Family Business
Institute (AFBI) is a 501(c)(6) trade association of family
business-owners and farmers who are committed to permanent
repeal of the federal estate tax, or death tax. We believe
that the death tax is fundamentally immoral, and an economically
disastrous form of taxation.
AFBI achieved partial success in 2001, when President Bush
signed “temporary” death tax reform and repeal
into law. Over the course of 10 years, the death tax is scheduled
to be reduced from its 2001 rate of 55% to 45% in 2009. In
2010 it will be repealed for one year.
Then, on January 1, 2011, the death tax will “come
back to life,” at the rate of 55%, unless Congress stops
it.
Calendar Year |
Estate Tax Exemption |
Maximum Rate |
2002 |
$1,000,000 |
50% |
2003 |
$1,000,000 |
49% |
2004 |
$1,500,000 |
48% |
2005 |
$1,500,000 |
47% |
2006 |
$2,000,000 |
46% |
2007 |
$2,000,000 |
45% |
2008 |
$2,000,000 |
45% |
2009 |
$3,500,000 |
45% |
|
2010 |
Tax Repealed |
0% |
| 2011 |
$1,000,000 |
55% |
AFBI is determined to kill the death tax once and for all.
AFBI leads the campaign for permanent repeal through scholarly
research and analysis, media education, and grassroots mobilization.
With the help of our active coalition of family-business owners
and farmers, we will achieve victory.
Will you join the fight for death tax repeal? Sign up to
receive important briefings and legislative notices from Dick
Patten, AFBI’s President, by clicking here.
If you share our outrage at the death tax, would you support
our work with a personal financial investment? Your
donation is integral to keeping AFBI running.
AFBI was founded in 1992 and has offices in Washington, D.C.
and Seattle, WA.
1. AFBI refers to the estate tax as the “death
tax,” because in reality, it is the act of dying (or
rather, dying and leaving life-earnings to another generation),
that is taxed.
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