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The Seniors Legacy Foundation was established to advocate
for the permanent
abolition of the Federal Estate Tax, an inheritance
tax that is suitably titled the
Death Tax. It is our firm conviction that any wealth
accumulated over the life of an American citizen belongs
to that citizen and that it is among the rights of citizens
to dispose of their wealth as they see fit.
One important reason is that taxes have already been
paid on accumulated wealth. Taxing it again just because
it passes from one generation to another is unfair.
Furthermore, inheritance taxes can so cripple a business
as to force its inheriting owners to sell out or go
into bankruptcy.
The Seniors Legacy Foundation is a non-partisan program
of the non-profit Civic
Council, registered under IRS code 501(c)(4).
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