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 undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. 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. For more information, visit kennesaw.edu.