Sanjeev Bhaskar Quotes

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

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.

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.

My instruction to my parents is that I would rather they enjoy their retirement than leave me anything when they go. I am much happier watching them enjoying life.

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it's less likely that a very high percentage will go back to society.

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.

7 percent of inheritors get two-thirds of all the wealth transfers..

Now they got such a high inheritance tax on 'em that you won't catch these old rich boys dying promiscuously like they did. This bill makes patriots out of everybody. You sure do die for your country if you die from now on.

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.

I'm a dad, and I no longer see a way for my kids to even inherit the money that I'm making, let alone go out there, have an idea, and create it in their own lifetime.

Some people want to amass a great amount of wealth and make a great looking obituary. I'm going to die with more money than is good to leave my son.

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

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.

Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam.

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

When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.

Dying should not be a taxable event.

Finally, I do not believe that we should punish American families who have worked diligently to provide for themselves and want to pass along their success to their children and grandchildren.

An increase in the State inheritance tax, steeply graduated and applying to all property in the State regardless of where the owner may reside.

“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 don't like the repeal of the estate tax.

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.

On the estate tax, if you look at the couple of groups who are the biggest advocates for repealing the estate tax, it really is the pass-through business, and it's the farmers.

I'm definitely going to be setting up a trust fund for my little nephew, because I really want him to have a little bit of an advantage when it comes time for him to make his way in the world.

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