Click Here to Print the Hot Sheet of Facts

Young people hardest hit by a death tax on the family’s hard earned assets Young people look forward to an economically successful life. They don’t need another tax on their family’s hard earned assets. Young people may think they will never face death taxes, but when a family member dies and a business must be sold in order for the government to take its cut, they realize what an unfair tax it is. The Death tax reduces entrepreneurial endeavors that create jobs and expand capital formation. Death should not be a taxable event. Jobs and Business are eroded by Estate Tax (Death Tax) and all citizens affected Entrepreneurship and jobs in the free enterprise system produce successful citizens and wealth. Small business owners create 97% of the jobs in Washington. Death taxes penalize savings, investment capital, business development and unjustly force the breakup of thousands of businesses and properties. Businesses and jobs disappear. Employers, employees, retirees and heirs all lose when death taxes force liquidation of assets. Seniors thrive on success of their children (success should be rewarded not penalized) Whether helping finance a car, home, real estate, or business, seniors thrive on helping their children and grandchildren. They want them to economically succeed. Individual entrepreneurial success should be rewarded and their hard earned money should stay theirs to dispose of as they wish. Past revenue appraisers even appraised wedding rings. A grandparent’s or parent’s death should not trigger a tax and penalize heirs. Death should not be a taxable event—Vote “Yes” on I-920 Washington voters abolished inheritance taxes in 1981, with YES – 610,507 (67.24%), NO-297,445 (32.76%). This “new” Washington Estate Tax is separate from the federal estate tax resulting in survivors possibly paying nearly 70% in taxes. Death should not be a taxable event. Vote “Yes.”