American Family Business Institute No Death Tax
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Death Tax Repeal Petition

Provide your name in the form below to sign the petition!

We, the undersigned, demand that Congress permanently repeal the Federal Estate Tax (a.k.a. Death Tax).  We hold that:

The Death Tax Destroys Family Businesses and Farms:

  • one-third of all small business owners wind up selling some or all of their businesses due to the death tax;
  • Family businesses are often sold off in part or whole to pay the tax;
  • 70% of family businesses do not survive the second generation and 87% do not survive the third generation.

The Death Tax Hurts American Workers:

  • Repealing the Death Tax would create 1.5 million jobs;
  • The tax wastes billions in small business capital each year – the source of new jobs and economic growth – to pay expensive compliance costs.

The Death Tax is Unjust:

  • It punishes savings and investing, but rewards consumption;
  • It is double taxation.

The Death Tax Handicaps America:

  • Prior to the temporary 2010 repeal, the U.S. had one of the highest death taxes in the world;
  • Most other nations - including China and Russia - do not impose a death tax;


The Death Tax has done enough damage.  It is time for Congress to permanently repeal this unjust tax once and for all.

Signed:

 

 

 

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