Estate Tax is Hurdle for Minority American Business Owners (The Hill)
KSU study: 90 percent of black business owners believe estate tax hinders long-term prospects
KENNESAW, Ga. (Dec 8, 2017) — The estate tax creates an unfair situation for black-owned businesses, which have primarily started to accumulate wealth within the last 60 years. Many black-owned family businesses are first generation businesses, where children work alongside their parents.
A Kennesaw State University study discovered that 90 percent of black business owners surveyed believe the estate tax hindered their long-term growth prospects.