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Ranchers, farmers brace for 'death tax' impact
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:KnightsTemplar.TV:MV8yMDU0ODY5XzM0NTYwODcyXzYxNUY2QkMz] [quote:Anonymous Coward 26679021:MV8yMDU0ODY5XzM0NTYwMDM1Xzk1NDQ2QURD] [quote:KnightsTemplar.TV:MV8yMDU0ODY5XzM0NTU5ODM2XzM4RjY1Rjg0] [quote:Anonymous Coward 802683:MV8yMDU0ODY5XzM0NTU3MjAwXzE3RjA1Qjk3] [quote:PatrikC325:MV8yMDU0ODY5XzM0NTU3MTAyX0ZCQjg4NEUy] The Death Tax is a communist idea! Realize the money taxed in a death tax has already been taxed many times. Why can't you extend your well being to your heirs? [/quote] [u][b]Ten Planks of the Communist Manifesto[/b][/u] [b]3.[/b] [b]Abolition of all rights of inheritance.[/b] Americans call it Federal & State estate Tax (1916); or reformed Probate Laws, and limited inheritance via arbitrary inheritance tax statutes. [/quote] Funny thing is that the 2 biggest communist countries have no death or estate tax like this. In addition, this has been going on since Wilson and Rooselvelt. [/quote] That's because they never own the land to begin with. Just lease it from the government.... [/quote] Correct and ownership is an illusion anyways. We all die with nothing and reincarnate in new lives naked. :word: [/quote]
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Ranchers, farmers brace for 'death tax' impact
VIDEO:
[
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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