Cass Ballenger said "author Pearl S. Buck once wrote, ``Our society must make it right and possible for old people not to fear the young or to be deserted by them, for the test of a civilization is the way that it cares for its helpless members.'' Yet our Nation's tax policies do desert the elderly. The IRS bureaucrats tax seniors who work, scrimp, and save all their lives to build a business or a family farm. Their property and profits are taxed yearly. They even pay taxes on their employees. And what is the result? Upon the death of the owner, a successful business is hit with a death tax of up to 55 percent of the business' worth. Most family businesses cannot survive such crippling taxes, and families are forced to sell. The death tax is uncivilized. Let us override the Clinton veto of the death tax." @ PoliticalQuotes.com

On the recordSeptember 6, 2000

author Pearl S. Buck once wrote, ``Our society must make it right and possible for old people not to fear the young or to be deserted by them, for the test of a civilization is the way that it cares for its helpless members.'' Yet our Nation's tax policies do desert the elderly. The IRS bureaucrats tax seniors who work, scrimp, and save all their lives to build a business or a family farm. Their property and profits are taxed yearly. They even pay taxes on their employees. And what is the result? Upon the death of the owner, a successful business is hit with a death tax of up to 55 percent of the business' worth. Most family businesses cannot survive such crippling taxes, and families are forced to sell. The death tax is uncivilized. Let us override the Clinton veto of the death tax.

Said by

Cass Ballenger

North Carolina

Source

govinfo.gov

Editor's note · Context

Discussing the impact of tax policies on the elderly and family businesses.

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