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Ranchers, farmers brace for 'death tax' impact
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[quote:Mickeyblue 9806228:MV8yMDU0ODY5XzM0NTU5NTg2X0QzREExNTFD] That is why we have trusts which are used by all to avoid paying this. [/quote]
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Ranchers, farmers brace for 'death tax' impact
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[
link to www.foxnews.com
]
Rancher Kevin Kester works dawn to dusk, drives a 12-year-old pick-up truck and earns less than a typical bureaucrat in Washington D.C., yet the federal government considers him rich enough to pay the estate tax -- also known as the "death tax." Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.
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