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.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its more than 35,000 students. With 13 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.