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Death and Taxes #617832

NBC Evening News for Monday, Apr 14, 1997
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(Studio: Tom Brokaw) Report introduced.

(Upperville, Virginia: Mike Jensen) The IRS (Internal Revenue Service) inheritance tax on small business owners examined; details given of the huge taxes demanded of children of small business owners by the government upon a parent's death. ["Death" tax victim Barbara FAY - tells of losing her horse farm after her mother's death to pay the taxes.] [K.W. CAMPBELL - says if he died his family would go bankrupt paying the taxes.] [Son Douglas CAMPBELL - comments.] [Senator Richard LUGAR - proposes elimination of the death tax.]

Reporter(s):
Brokaw, Tom;
Jensen, Mike
Duration:
00:03:00

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