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Congress Eyes Death Tax Repeal
Death Tax Repeal Act of 2013 would help inheritors of small businesses avoid paying an inheritance tax.


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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Posted by Chelsea Cafiero on 2015 10 02 · commented on
'How to Compensate & Incentivize Sales Reps'.

The article mentions “Here’s an Onboarding Worksheet to help you get started.” but the link…

Posted by BC on 2015 10 02 · commented on
'How to Compensate & Incentivize Sales Reps'.

Thanks for your comment and explanation, Brad. We’re looking forward to what AV companies and others…

Posted by D. Craig MacCormack on 2015 10 01 · commented on
'InfoComm in Background as AV Month 2015 Kicks Off'.

Thanks for putting the spotlight on the AV industry, which is what AV Month (or Week) has always been about.…

Posted by Brad Grimes on 2015 10 01 · commented on
'InfoComm in Background as AV Month 2015 Kicks Off'.