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North Carolina Voters Favor Repealing NC Estate Tax
by Palmer Schoening - No CommentsPosted on November 1st, 2011 4:11 pm
According to a new Civitas Institute poll, voters in North Carolina don't care much for their state estate tax. In fact, 66% oppose it, compared to just 25% who favor. This matches up with polling at the national level - 2 out of every 3 voters favor Federal Estate Tax Repeal.
Click here to read the article detailing North Carolina voters' opinion of their state estate tax. The poll was conducted; for the Civitas Institute in Raleigh, North Carolina.
Tags: death tax, estate tax, north carolina
NC Legislators Fight Back Against Death Tax Hike!
by Adam Nicholson - No CommentsPosted on February 24th, 2011 10:50 am
AFBI applauds North Carolina’s State Senators who have said “No” to a lower state estate tax exemption.
Under Governor Perdue’s budget proposal, the state estate tax exemption would have been lowered from $5 million to $1 million.
“Hitting more families – especially family business owners and farmers – with the death tax is the wrong way to raise revenue,” said Dick Patten, president of AFBI. “The North Carolina legislature should join a growing list of other states that are permanently repealing this tax, not increasing its impact.”
An issue brief published by the American Family Business Foundation provides the details on North Carolina’s estate tax, which has a maximum top rate of 16 percent. The Foundation estimates a decedent in the Old North State could pay as much as 45.4 percent in combined federal and state estate tax liabilities. This same brief provides details on the 21 other states which impose either an estate or inheritance tax.
In fact, a 2008 Connecticut Department of Revenue Services study showed that the 26 states without an estate tax produced twice as many new jobs and their economies grew nearly 50 percent more from 2004-2007 than the 24 states with such taxes.
Research published by the John Locke Foundation finds that repealing the Federal Estate Tax alone would create roughly 42,000 small business jobs in the tarheel state.
North Carolina's legislators should take the next step and introduce legislation to repeal the job-killing and unjust death tax.
Tags: death tax, estate tax, governor perdue, north carolina, state senate
Pledge Signers Win Primaries in Ohio, Indiana, North Carolina
AFBI Send Congratulatory Note to 16 Winnersby Palmer Schoening - No Comments
Posted on May 6th, 2010 11:07 am
16 signatories of the Death Tax Repeal Pledge won their primary elections on May, 4.
Mark Souder 3 IN
Todd Rokita 4 IN
Danny Burton 5 IN
Mike Pence 6 IN
Larry Bucshon 8 IN
Rep. Howard Coble signs pledge
Ashley Woolard 1 NC
Virginia Foxx 5 NC
Howard Coble 6 NC
Ilario Pantano 7 NC
Tim D'Annunzio 8 NC
Steve Chabot 1 OH
Jim Jordan 4 OH
John Boehner 8 OH
Steve Stivers 15 OH
Jeffrey Blevins 16 OH
Jim Renacci 16 OH
Tags: death tax, elections, estate tax, indiana, north carolina, ohio, repeal pledge
Contact Congress
Have you told the 112th Congress to Repeal the Death Tax?
- AFBI Highlights the Introduction of Senator Thune's Death Tax Repeal Bill
Thu, Mar 29, 2012 - AFBI Announces 2012 Recipients of the 1st Annual Champion of American Family Businesses Awards
Tue, Mar 27, 2012 - 7 Illinois Candidates for the U.S. House of Representatives Sign AFBI's Death Tax Repeal Pledge
Mon, Mar 19, 2012
- A Score of the Death Tax Repeal Permanency Actby Stephen J. Entin, April 2011
- The Cost of Compromise: Impact of the 2011-2012 Estate Tax by Anthony Davies, December 2010
- Life Insurance Cash Cow: An Issue Brief on the Hidden Side of Estate Tax Lobbying by Tim Carney & Dick Patten, November 30, 2010
- Growth Consequences of Estate Tax Reform, by Dr. Douglas Holtz-Eakin and Cameron Smith, American Family Business Foundation, September, 2010
The Death Tax fight will soon be decided in the halls of Congress by your representatives. AFBI is leading the fight for repeal in Washington, but we cannot do it alone.