Scott Downey
Well-Known Member
This is about inheritance taxing the family business.
Andy Puzder: Biden's 'Zombie Tax' will kill family businesses and haunt the living all across America | Fox Business
Absent leaving the law or adopting a rational solution, the personal and economic costs of this tax would be tremendous. A report prepared by the research firm REMI and commissioned by Committee to Unleash Prosperity found that the Zombie tax would result in the following:
*Sustained annual job losses ranging from over 500,000 to almost 1 million;
*10-year losses in economic output and GDP of about $2 trillion and $1 trillion, respectively, with a $600 billion loss in private investment, and a $6 billion loss in R&D spending; and,
*A 10-year loss in personal income of about $1 trillion, which translates to $8,000 – 10,000 per household.
Andy Puzder: Biden's 'Zombie Tax' will kill family businesses and haunt the living all across America | Fox Business
Absent leaving the law or adopting a rational solution, the personal and economic costs of this tax would be tremendous. A report prepared by the research firm REMI and commissioned by Committee to Unleash Prosperity found that the Zombie tax would result in the following:
*Sustained annual job losses ranging from over 500,000 to almost 1 million;
*10-year losses in economic output and GDP of about $2 trillion and $1 trillion, respectively, with a $600 billion loss in private investment, and a $6 billion loss in R&D spending; and,
*A 10-year loss in personal income of about $1 trillion, which translates to $8,000 – 10,000 per household.
