Federal Estate Tax: The Impact on African-American Family Enterprises
This study views the impact of the current Federal estate tax system on family enterprises by analyzying the results of a national survey of newly-emerging, minority-owned family enterprises selected from lists published by Black Enterprise Magazine. The results reveal that those affected by the tax have substantially altered entrepreneurial behavior in order to prepare for and reduce the adverse impact of this tax on the enterprises which they own and operate. The tax significantly limits economic growth and job creation.
Aronoff, Craig E, Joseph H. Astrachan, James I. Herbert, and Thomas E. Kaplan. "Federal Estate Tax: The Impact on African-American Family Enterprises." Journal of Private Enterprise 14.2 (1999): 147-53. Print.