An organization dedicated to fighting what it calls the “death tax” has produced a video about the fate of a Phoenix, AZ, printing business that couldn’t meet its federal estate tax obligations after the death of its founder. A press release promoting the video says that the company, Imperial Lithographics, “grew from a home-based business into one that employed more than 200 people and generously supported the local community. After the owner died of leukemia, the family was forced to sell the company in order to meet their estate tax obligations.” The American Family Business Foundation wants Congress to stop the reimposition of the estate tax, which will be suspended next year but returns in 2011. According to the group, the estate tax must be paid by a business owner’s heirs within nine months of the owner’s death and will, in 2011, amount to 55% of the decedent’s assets in excess of $1 million unless Congress repeals or modifies it. The estate tax burden falls disproportionately upon family firms and other small, closely held businesses, the foundation says. It maintains that eliminating the tax would create up to 1.5 million jobs by letting heirs reinvest capital in their businesses instead of remitting it to government coffers. The foundation’s web site has other videos about businesses brought low by the estate tax. In a blog entry last week at The Huffington Post, the group’s founder, Dick Patten, blasted the life insurance industry for “colluding with Congress” to keep the tax in place. Printing Industries of America opposes the estate tax and says that its full repeal should be made permanent prior to December 31, 2010.