It seems like it would be easy to create a family farm exemption. Create a percentage of land that is used for farming and exempt it up to, I dunno, $20 million.
How many farmers are dying each year with tracts of land worth $5 million? Less than a thousand?
I agree philosophically with an appeal of the estate tax or at least a large exemption. (There is a part of me that thinks that no one should inherit hundreds of millions of dollars but I can’t fully explain why).
It just seems like when you are screwing around with families that make less than $150K, 10 figure estates should take a back seat.
I agree completely...seems a farm exemption would be easy, now lets move on.