AFP Applauds efforts to Kill the Death Tax
House Committee takes first key step to ending punishing taxRaleigh, NC – Americans for Prosperity-North Carolina today applauded efforts in the North Carolina General Assembly to end the state estate tax, also known as the death tax. “The death tax chases capital and investment away from North Carolina to other states, including our neighbors who have repealed this punitive tax,” said Woodhouse.
“This tax raises little money and likely costs the state money, because many people who are subject to this tax simply move. Repealing the death tax would be good for North Carolina family-owned businesses and farms.”
AFP fully supports House Bill 10, which would repeal the estate tax in North Carolina.
- A full 34 states do not have an estate tax.
- Only 16 states impose an estate tax.
- Nearby South Carolina, Georgia, and Virginia do not impose an estate tax or an inheritance tax and Tennessee is planning to sunset the death tax.
Read more: http://americansforprosperity.org/north-carolina/newsroom/afp-applauds-efforts-to-kill-the-death-tax/#ixzz2MJOQXX3Y
http://americansforprosperity.org/north-carolina/newsroom/afp-applauds-efforts-to-kill-the-death-tax/#ixzz2Lfmsq5im
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