Estate Taxes Biting American Businesses Despite Shale Income

摘要

The sudden influx of money to rural farms from the shale gas revolution is a mixed blessing for American farmers, according to a new report by National Center for Policy Analysis research associate Mike Gajewsky. The money could be subject to the estate tax. "The estate tax, often called the death tax by opponents, is ineffective in reducing inequality," says Gajewsky. "It does, however, excel at destroying family business and stifling economic growth."