News
Sweden and the Death Tax
March 18th, 2010Malmo, Sweden; and Washington
America sits at the same economic crossroads today that Sweden faced five years ago. Sweden’s experience in eliminating the death tax could help the United States save businesses and add jobs at a critical time.
Once known as Europe’s socialist paradise, Sweden still has one of the world’s highest top income tax rates (57 percent). But likethe US, it no longer has an inheritance tax, or what Americans commonly refer to as the estate or “death” tax.
The Swedish Parliament abolished its inheritance tax in late 2004. At the time, Parliament was controlled by a coalition of the socialist, green, and communist parties, not the current center-right Alliance for Sweden.
But Sweden was in the midst of a difficult recession. Unemployment was shooting through the roof. The country’s entrepreneurs were moving offshore – and taking their companies with them.
Contact Congress
Have you told the 112th Congress to Repeal the Death Tax?
- ATR & AFBI: End Punitive Tax on Hardworking Hoosiers
Fri, Dec 14, 2012 - Tax Coalition Calls on Tennessee Governor Bill Haslam to Quickly Repeal Inheritance Tax
Fri, Dec 14, 2012 - AFBI: This Bill is a Matter of Survival
Thu, Dec 13, 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.