Double Taxed

Fighting to end destructive double taxation

  • Authors

  • Enter your email address to subscribe to Double Taxed and receive notifications of new posts by email.

    Join 6 other followers

  • Navigation

Small Business Owner Cites Death Tax Burden

Posted by Brian Garst on May 22, 2011

The Oregon legislature has been debating whether to raise its state death tax. In response, small business owner Peter Nelson explains how the death tax affects their ability to increase employment:

My grandfather started Marc Nelson Oil Products as a one-man shop. Today we employ 30 in the Salem area. We’d like to employ more.

…Despite what some may think, family businesses are not awash in cash; our resources are tied up in equipment, salaries, facilities and the like. The more money diverted to estate tax planning and to estate tax payments when I die, the less resources for expansion and hiring today and in the future.

Advertisements

One Response to “Small Business Owner Cites Death Tax Burden”

  1. This double taxation needs to be stopped. There needs to be less taxes for small family businesses.

Sorry, the comment form is closed at this time.