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 1 of 5
Inside Super Bowl XLIX: U. of Phoenix Stadium Gets Teched Out
Host Arizona Cardinals partner with Pro Sound & Video to bring fans world-class football experience.
 2 of 5
Top 10 Most Dramatic Football Stadium Upgrades
In honor of the Super Bowl, we're rounding up the most transformational stadium upgrades featured on Commercial Integrator.
 3 of 5
InfoComm Offering Courses & Seminars at ISE 2015
Check out the schedule of InfoComm offerings at the upcoming Integrated Systems Europe (ISE) show in Amsterdam.
 4 of 5
Virtue of the Ugly: When AV Mirrors Rock n’ Roll
It's time for AV integrators to follow in the footsteps of great rock n' roll musicians... and aim for more than just aesthetics.
 5 of 5
Academy Awards to be Drenched in Dolby Atmos Sound
Over half of the Oscar-nominated films for best sound editing were mixed in Dolby Atmos, including American Sniper, The Hobbit and Unbroken.
Congress Eyes Death Tax Repeal
Death Tax Repeal Act of 2013 would help inheritors of small businesses avoid paying an inheritance tax.

Article


Death Tax Repeal
July 03, 2013 | by Jason Knott

Congress is making another attempt to eliminate the so-called death tax that, due to the high tax liability, can force integrators and other small businesses to sell or close rather than have their children inherit the business.

This is probably relevant to the commercial integration industry in which more than a few companies are family owned.

Two bills - H.R. 2429 introduced by Representative Kevin Brady (R-Texas) and S. 1183 introduced by Senator John Thune (R-S.D.) - would call on the IRS to eliminate Inheritance Taxes and reduce Gift Taxes over a 10-year period.

Small businesses that often declare their business income as personal income are affected by the Inheritance Tax. The bill creates a scale for Gift Taxes between 18 percent for gifts under $10,000 to 35 percent for gifts more than $500,000.

The likelihood is low that the revenue-reducing bills, dubbed the “Death Tax Repeal Act of 2013,” will pass the Democrat-controlled Senate. The introduction of the bills was hailed by the National Association of Electrical Distributors (NAED). The group cites a study from the Congressional Budget Office that says repeal of the death tax would create 1.5 million new small business jobs and cut the nation’s unemployment rate by one percentage point.

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Recent comments

superb blog and also very helpful.
if you are interested, to increase your knowledge about Business…

Posted by amitgupta on 2015 01 28 · commented on
'Brush with Business Doom: How 2 Firms Came Back from the Brink of Disaster'.

You are correct! The distinction is that this is the 37th consecutive year that films using Dolby audio technologies…

Posted by Chelsea Cafiero on 2015 01 22 · commented on
'Academy Awards to be Drenched in Dolby Atmos Sound'.

    “Dolby Atmos debuted in June 2012 in the Oscar-winning animated film Brave.”

Posted by Ken DeLoria on 2015 01 22 · commented on
'Academy Awards to be Drenched in Dolby Atmos Sound'.

This is great for Cambridge. Though LogiSon has had this ability for a number of years with their networked…

Posted by Frank on 2015 01 21 · commented on
'Cambridge Sound Management Enables Sound Masking Across Multiple Locations'.