Posted on 08/27/2021 12:59:45 PM PDT by gattaca
Chinese agents and Bill Gates waiting in the wings to buy up farms at foreclosure.
That’s a feature, not a bug.
Inheriting the family farm or any family business would force the sale of the assets to pay the taxes.
Insane.
Perhaps the shortfall in food can be remedied with a program for 1am rooftop farming right after midnight bouncyball
End the ethanol mandates.
American Families Plan, more like American Feudalism Plan.
Sorry about the I am in above comment. Hate this keypad
not to worry- He’ll give special stimulus checks to black farmers affected by the taxes only
every-time the Uber wealthy in this country feel threatened that they may have to pay taxes on their inherited wealth that very often was never taxed in the first place, they trot out the same sorry stories about ‘family farms’...don’t buy it.
The mega-wealthy just want to pass on all of the untaxed gains to their heirs, without every paying a single penny of tax on it.
Depending on where you live, you can.
A bit of humor - here in Indiana the local co-op sell it.
Can't inflict a Ukrainian style genocide unless you gain control of the food production. Good job xiden voters!
No. It’s not insane. The leftists know exactly what they are doing....
and why.
The “death tax” is already wrong; that money has already been taxed. And it is especially onerous on farms and family businesses.
America hating at its best.
F U JOE!
This is how it worked. All the farmers friends would show up at the auction. Any strangers would be ushered to a barn where they were shown a hang man's noose dangling from the the hay loft.
Anyone not in the association who bid that day might get to try on the necktie. Or, they could leave now and avoid trouble.
Once the auction begin, association members would redeem the farmer's good for pennies on the dollar and the debt was duly discharged at a loss.
The farmer would earn everything back over the next few weeks by renting himself out as a farmhand to the association. Such duties naturally included organizing other farm auctions.
Keep voting Democrat you idiots.
Making way for corporate farming........./s
“The need for fact-based reporting that offers real solutions and stops the spread of misinformation has never been greater. “
Pretty bold at the end of an article that misstates a core fact - the proposal is for stepped-up basis that applies the tax at sale by the heir, not at death as the article states.
Between Joni Ernst & Iowa’s Never Trump governor, you think they’d have seen this coming?
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