Some years back, my great uncle died. He’d been the owner of a small chain of 4 furniture stores. His surviving wife, my aunt, was forced to close all 4 stores, lay off about 130 people and sell the stores and inventory to pay the taxes. She had more than enough left for her to live comfortably for the rest of her life, but paying the taxes forced 130 people onto the unemployment lines and they had nothing left of the business to leave to their children.
I have seen this happen also.
It has hit the American farmers even harder.