Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Freedom'sWorthIt

And ending the taxes that kill the inheritance of the family farms. I


One of the biggest lies ever told. Very little inheritance tax is paid. There is special estate valuation for the heirs who want to continue farming.

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.


33 posted on 08/27/2016 7:13:48 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 16 | View Replies ]


To: PeterPrinciple

Not true. We barely skated under having to pay 40% on my mom’s share of the farm when she died and I want to continue to farm. That was just this year.


36 posted on 08/27/2016 7:32:29 PM PDT by reaganaut (I'm looking forward to Trump as President. I'm an Evangelical and I vote.)
[ Post Reply | Private Reply | To 33 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson