Mike Fitzpatrick Quotes

Death should not be a taxable event.

Just dying should not be a reason for taxes.

Death just shouldn't be a taxable event.

We do not believe that death should be a taxable event.

The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.

The entire American concept of the 'family business' is put at risk by the death tax.

Many countries, even socialist Sweden and former communist Russia, have done away with their death taxes. They found the confiscation of wealth at death to be counterproductive.

But we need to quit taxing people upon death. No taxation without respiration.

It's time we permanently repeal the tax on possessions that people leave to their children.

My constituents in Kansas know the death tax is a duplicative tax on small businesses and family farms that, in many cases, families have spent generations building.

The death tax robs parents of the opportunity to pass something along to their children, and it is responsible for destroying a lot of family-owned businesses.

The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations.

“Death Taxes” are not levied on the dead, who have passed beyond reach of the IRS, but on the heirs who did nothing to earn the money …

I hope that the Senate acts quickly to pass this legislation so that Americans will no longer worry about having to sell the family farm or business to pay taxes after the death of a loved one.

Currently, not only are Americans taxed on what they earn, but those assets are taxed again when they are passed on to a loved one.

Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.

With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren.

The death tax is one of the leading causes of the dissolution of small businesses.

It's just wrong to work your whole life to build up a nest egg, build your own business - you pass away, and Uncle Sam can swoop in and take away nearly half of everything you've earned. Can you imagine that? Having to sell off most of your land just to keep it from the government, just to save the house.

The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation.

The bottom line is that the death tax is a tax on the economy because it slows economic growth.

The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.

The death tax should be completely and permanently repealed now in order to make the Tax Code fairer and simpler and to eliminate the harmful drag this tax has on the economy.

In six short years, small business owners and family farmers will once again be assessed a tax on the value of their property at the time of their death, despite having paid taxes throughout their lifetime.

The American people are not just being taxed to death; they're being taxed after death. But, no one should have to sell the life's work of a parent or a loved one just to pay the federal government.