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Unfortunately the biggest entity hit by the Death tax is small business. I saw a study by the American Family Business Foundation that argued the repeal of such a tax could:• Create 1.5 million jobs• Increase small business capital by over $1.6 trillion• Increase the probability of hiring by 8.6 percent• Increase payrolls by 2.6 percent• Expand investment by 3 percentSince the tax only raised around $14 billion in 2009 according to the Tax Policy Center, it makes good economic sense to repeal it.
Unfortunately the biggest entity hit by the Death tax is small business.
I saw a study by the American Family Business Foundation that argued the repeal of such a tax could:
• Create 1.5 million jobs
• Increase small business capital by over $1.6 trillion
• Increase the probability of hiring by 8.6 percent
• Increase payrolls by 2.6 percent
• Expand investment by 3 percent
Since the tax only raised around $14 billion in 2009 according to the Tax Policy Center, it makes good economic sense to repeal it.
