Third, the death tax is terrible for small business.
Actually it has no effect on small business.
Regardless of your lazy ad-hominem attacks, the fact remains that the inheritance tax has no effect on small business. When the heir takes possession of his new property, he pays a percentage of the
net value. Let us say this is 50%. So, he simply borrows to pay the tax, or the IRS takes it away from him and sells it to someone else. In either case it has no effect on the operation of the business, and can certainly be easily planned for in advance of the death by these wealthy people.
