Dealers, life insurers battle over plan to tax millionaires

Those running such family-owned businesses as auto dealerships, contracting companies and wineries maintain that the estate tax can push their heirs to sell to large corporations rather than to pass on the business to the next generation. (Kent Nishimura/Bloomberg)

January 22, 2011 05:00 AM

(Bloomberg) -- Jack Fitzgerald, owner and founder of Kensington, Maryland-based Fitzgerald Auto Mall, has a vision for the future of the estate tax: paying it before he dies so his heirs won't face that burden.

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