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By Congressman Bob Latta (R OH5) One of the most plainly unfair taxes in the entire U.S. tax code is the Estate Tax also known as the “death tax.” Even though American families pay taxes their entire lives income taxes, payroll taxes, Medicare taxes, capital gains taxes and more the federal government can’t help but reach its hands into their pocket one last time after they die to grab 40% of their hard-earned money. The death tax creates real world problems for farmers, ranchers, and small business owners groups we can least afford to penalize during this economic recovery. In sectors that require high capital investments, like agriculture, families often have difficulty meeting tax requirements imposed by the death tax because their cash assets are much lower than the value of land, property, and equipment. In addition to the costs imposed at death, the death tax also has a stifling economic impact beforehand due to the cost preparation and plann ....
Breadcrumb Trail Links It was a very simple thing : This tax return from 1953 shows just how complex our tax system has become Over the years Sam Cass, 98, has diligently kept all his tax returns. Jamie Golombek takes a look and sees what’s changed Author of the article: Jamie Golombek Publishing date: Mar 08, 2021 • March 8, 2021 • 7 minute read • Article content For decades, Sam Cass, 98, did his own tax return by hand. But he had to give that up when he turned 80. In a video interview last week from his retirement home in Thornhill, just north of Toronto, Sam explained that tax filing had become too complicated over the years. ....
'It was a very simple thing': This tax return from 1953 shows just how complex our tax system has become kenoraminerandnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenoraminerandnews.com Daily Mail and Mail on Sunday newspapers.
'It was a very simple thing': This tax return from 1953 shows just how complex our tax system has become timminstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timminstimes.com Daily Mail and Mail on Sunday newspapers.