I heard Mr. Trump talk about helping the family farmers - esp ending EPA regulations that are killing the family farms. And ending the taxes that kill the inheritance of the family farms. I hope he can win over the farmers in Iowa - we need their votes.
And ending the taxes that kill the inheritance of the family farms. I
AND ACTUALLY GETTING RID OF THE INHERITANCE TAX WOULD GENERATIVE MORE TAX REVENUE AS HEIRS WOULD HAVE TO PAY CAPITAL GAINES TAX.
HERE IS INFO, VERY LITTLE FEDERAL ESTATE TAXES ARE PAID.
http://www.cbpp.org/research/ten-facts-you-should-know-about-the-federal-estate-tax
SO WHY DO THE HEIRS SELL THE FARM? THEY WANT THE MONEY AND IT IS TAX FREE money and they don’t want to farm.