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Main Page › Investment & Finance › Taxation Information
 

Auto Industry Declares War on Estate Tax Laws

 
Author: Lance Winslow

When inheritance is handed down to the Next Generation often a big chunk of change is a windfall for the kids. Many of them go out and buying new cars and take expensive vacations; the auto industry wants to see some of that money in their getting ready to launch the huge campaign to lobby the Senate to vote down the estate tax.

You can bet that the union autoworkers will get all the Democratic votes and you can also bet that many tax adverse Republicans will also vote down the estate tax. Government's job is to protect the people not to take our money and waste it.

We do not mean double taxation in the United States of America. This country was founded on much more and has deep-rooted principles, which are supposed to protect the American people from foolish government spending an over taxation. It looks like the auto industry will pull out all the stops in the estate tax war and do everything except maybe pollute the water with tea.

The United States auto industry is looking for a Permanent Death Tax Repeal. Additionally, NADA or the North American Dealer Association is also concerned, but for a different reason many of the owners of automobile dealerships which to hand out their inheritance to their kids without being taxed or having to sell their businesses or divide the personal property which they have gained over many years of very hard work. Consider this in 2006.

Author Bio:

Lance Winslow

Currently Lance is retired at age 40 and is running an Online Think Tank Forum while traveling North America. Perhaps considering something extremely challenging to do that will exercise his mind and utilize all his experiences, observations and skills. Any ideas?

You can search for this article using: tax law, tax info, income tax information, free tax information, tax refund information
 
 
 

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