Analysis of information sources in references of the Wikipedia article "Don Nickles" in English language version.
{{cite book}}: |work= ignored (help)CS1 maint: location missing publisher (link)Senator Donald L. Nickles, Oklahoma State '71
The impact of inheritance taxes on a family business played the decisive role in Don Nickles' decision to run for the Senate in 1980. In 1918, Nickles' grandfather founded Nickles Machine Corp. in Oklahoma. The business remained family-owned until 1961, when Nickles' father died and his mother had to sell part of the firm to pay inheritance taxes. This perceived inequity reinforced Nickles' already unfavorable opinion of the tax code, he says.
Donald L. Nickles has been a member of board of directors since February 2005 and currently serves as a member of the board of directors of Chesapeake Energy Corporation and Valero Energy Corporation. In 2005, after his retirement from the United States Senate, Nickles founded and is currently Chairman and Chief Executive Officer of The Nickles Group, LLC, a consulting and business venture firm headquartered in Washington, D.C.[dead link]
But we were self-employed and we had a little janitor service. Somebody found this in the phonebook and they circled it and it said Don Nickles Professional Cleaning Service. But we had that when we were going to school and we did quarterly estimated taxes and we were paying 40-some percent with this little janitor service. It was just my wife and I. She quit and it was a real small business. And the government was taking so much. Why should we keep growing that business if you're working half the time for government?
Don's family had to sell off part of the Nickles Machine to pay the death tax. And because of his efforts countless other families have avoided similar heart-wrenching decisions.
Senator Donald L. Nickles, Oklahoma State '71