News
As Government Revenues Sputter, Estate Taxes Make a Return
RALEIGH — North Carolina’s estate tax took a brief hiatus in 2010, the same year that the federal estate tax lapsed temporarily. Along with the return of the federal estate tax in 2011, North Carolina reinstated its estate tax effective January 1.
Federal estate taxes can take up to one-third of a family business or farm’s net worth, and state estate taxes exacerbate the tax burden, according to studies by the American Family Business Foundation, a Washington, D.C.-based research and education organization.
To read the full article on the Carolina Journal Online, click here.
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.