Ranchers, farmers brace for 'death tax' impact

Oh boy. My Grandpa owns an alfalfa farm, he owns about eight pivots and two leases pivots. If he dies without a living trust made then we loose the farm. Most people forget, so long as you have living trust everything will be inherited just fine. So yea this really sucks, but there are ways around, thank goodness.

It's not just the ranchers and farmers bracing for the 'death tax' or the January 1 0bamaKare tax that's coming...

I found a Senator from North Carolina who has his Asheville home up for sale @ $1,200,000... [link to www.ashevillehomelistings.com]

Looking at the towns millionaire homes for sale makes it appear there are many jumping ship...

ancestor's didn't get shit too pass on, so don't give a shit if the calorie strip miners are getting fucked.

You might want to start with all the royalty in the world before striking at the little guy. Their whole life is based on inheritance.

Correct ... the thought behind the Estate Tax was to avoid multi-generational dynasties that created an aristocracy class that slowly came to control the United States.

Has it worked? NO!!

we DO have multi-generational dynasties in the US (look at the Rockefellers, the Bushes, the Kennedies, the Skakeles, the Pitzers, the list goes on and on) who DO remain near the top of the power centers of the US for generation after generation.

For those at the very upper end of the economic spectrum though the Estate Tax HAS limited their ability to completely dominate US power, but at the cost of many hard working types being punished also.

The problem with the changes coming to the Estate Tax on Jan 1 2013 is that it's exemption level is being reduced from about $6,000,000 being tax free (which meant that about 4500 estates in 2011 were subject to it) down to only $1,000,000 being tax free (which means that almost 30,000 estates will be subject to it in 2013!!) (and the tax rate is 55%!!!).

Instead of LOWERING the exemption amount they should be RAISING the exemption level to the $15,000,000 to $20,000,000 range, which is where the WORKING RICH and SELF MADE RICH are mostly congregated at. At that level I have read less than 1000 estates per year would be affected (which makes sense if only 4500 estates are affected at $6,000,000), and that amount of money is enough that EACH of the decendent's children would have enough wealth that they would NEVER have to work again themselves if they didn't want to (and didn't piss away their inheritance).

The concept of avoiding the pitfall of 500 families having MOST of the wealth of a country (FOREVER AND EVER!) is a good one (imo) (one of Mexico's biggest problems is that 50 families own about 80% of the wealth of that country ... and they have NOT been inclined to share it with those who actually work and make the economy run).

As currently implemented in the US however the Estate Tax PUNISHES those who work hard in their life AND those who create NEW wealth for everyone.

I am sure the "purists" here will flame me over this, but without some sort of Death Tax upon the small slice of the very wealthiest (those with wealth in the hundreds of millions on up) it would only take a couple of generations for the wealthiest 500 families in the US to own 80% or more of EVERYTHING there is to own in the US.

OH ... and for those who critique me I am very much a Free Market person, but will point out that if an entire industry is owned by just 3 or fewer families that industry will NO LONGER operate in a Free Market manner (ala Mexico over the last 70 years), because it doesn't have to.

Sounds like you're a jealous of owning something that the government won't give to you no matter how many times you cry about it.

Do you think your entitled to their wealth?

Flow like water and understand the plan. The only way to survive is to be like water by flowing. Resisting urges to fight what is already done. It isn't an assault on me, your or the farmers, but an old way of life where the plug has been pulled a mighty long time ago.

If you see the future because they have already revealed it to us "victims," then how can we be victims when we have been warned and the writing in on our mirrors every day when we look in the mirror? Doesn't that make us somewhat stupid or ignorant for failing to act or move based on facts we already know?

Correct and ownership is an illusion anyways. We all die with nothing and reincarnate in new lives naked.

Agenda 21 in action people, the elite need their parks afterall.

Dont feed the troll.. Nothing to be gained.

FUCK YOU

seriously

our family has farmed for generations
we don't have 50,000 acres
we have 1200 acres
and when the death tax hits we automatically have to sell HALF of it to pay the tax
because the property is valuable
yet my husband "makes" about $30,000 per year
that's it
we do have a house so no payment there
but we aren't rich
and he has worked his ass off all his life
7 days/week
many years without vacations
when it snows he's out taking care of the cows
while you're at the beach he is picking fruit
or stacking hay in the loft of the barn where it's about 120 degrees

SO YOU CAN HAVE FOOD

without farmers there is no food
do you not get that?

this will not hurt big ag
ever
this will wipe out small farmers
you know, the ones who don't poison everything
who can't "afford" to pump their meat with hormones
or give medications as SOP instead of simply as needed

PEOPLE LIKE YOU DESERVE THE POISON YOU'LL BE FED

because if this death tax is brought back
your only choices will be gmo crap and poisoned meat or growing all of your own food

SO YOU CAN HAVE FOOD

without farmers there is no food
do you not get that?


no retard without long row mono cropping , we don't have food
without a just in time delivery system we don't have food
without cheap fossil fuels we don't have food

99 % of the farmers that will be screwed just like the sheep they deride when push comes to shove , its not like they can suddenly shift to animal power for instance. the only farmers not screwed will be the amish and handful of others.

You don't really own anything anyway. If you don't pay tax, they take your shit away.

And the Marxist assholes know this, which is why they're doing it, so they can sell them to China.

you're talking out your ass
you know nothing about how many small farmers operate
and how they'll fare later
we still have the old equipment used by previous generations

as for jit delivery, true
but people who CHOOSE to live in areas where they are dependent on jit delivery ARE making a choice
i don't make that choice
our family chose to stay on the farm and support our community in the process
as do other local farmers
our community will eat
and people smart enough live in such a community will eat
as long as your beloved fascists don't find a way to steal it all

Dont waste your time, this place, and other sites are becoming so infested with new age communists that are on the Govt. dole its becoming impossible to escape them without going to Stormfront or other extremist sites.Im cut my visits here down and will not renew a membership,not because of being cheap, but Im getting less and less out of this site. Trinity needs to do a purge, and a serious one, not a blanket IP ban either and kick these Marxist city rats back into hell where they belong.

you have no idea of what you are talking about. Go work on a farm for a year and get an education.

We petition the obama administration to:
Exempt Family Farms from Estate Taxes.

Estate taxes are a crushing burden on Family Farms by demanding that a huge tax be paid on land after the death of the owner. Although the land is valuable, most farmers have little cash and are forced to take out huge mortgages in order to pay these taxes. These mortgages take decades to repay, resulting in the farmer having to practically buy his own land back from the government. We ask that farm land and multi-use areas directly attached to these lands be made tax exempt from any and all estate taxes in order to remedy this unjust situation.

[link to petitions.whitehouse.gov (secure)]

What you described is Agenda 21 [link to fellowshipofminds.wordpress.com]

There is a loophole. There always is.

Yes, I am entitled. Did you start working 12 to 16 hour days when you were 8 years old? Did you dread school letting out for Summer because you went from 2 day work weeks to 7 day? Were you ever hungry because a crop didn't make and your whole diet until next harvest was beans, potatoes and corn bread, with the occasional hamburger?
And you know why farmers don't like people like you on their property, because you sound like the type that will take a 4 wheel drive truck into a field of standing wheat and do donuts just to see how much damage you can do.

yeah, i know
people who think occupations like bankers and lawyers
are more important than farmers
we actually had an idiot from the city come out once to buy some food
and ask if she could see the POTATO TREES
not kidding
upper middle class white family
who didn't know that potatoes don't grow on trees

i have no pity for those who choose to live the way they do
in ignorance
worshipping $ and thinking giving it all to the government
will make it all "fair" and everyone will be taken care of
pure stupidity
and those commenting on how this kind of tax is good
are so ignorant it's painful to watch
because there is no way they've ever spent time living among small farmers
and to talk out one's ass without any experience is the reason this whole country is in the crapper

yeah, for big ag there will be plenty
for the small farmer
no, you're wrong
because this death tax was lifted and no is being re-instated
and there was no way out when it was in effect last time, either

It sounds like a way of taking all of the good land from the little people who paid for it.

EXACTLY
people have no idea how hard a small farmer works
and how he lives
they aren't out during hurricanes, blizzards and below zero temps taking care of animals
and they aren't sweating and dehydrating working the summer
and can't afford to pay for help
either you do it yourself or it doesn't get done
very few have any clue just what that means for a farmer
i don't give a rat's ass about big ag
it's the small farmers that need to not be taxed
they're taxed on the "value" of their land and equipment
not what they actually make off it which isn't much at all
so farmers end up selling their land
but, hey, at least there will be room for more subdivisions for yuppies and walmarts for the ignorant masses

Do you know why most farms are now owned by large corporations? It's because the farms don't make enough money to make land payments and still put food on the table. Mom and Pop farms are going away fast. If the farmers have to pay ridiculous taxes to inherit what they have worked for all their lives, the money comes from the bank. The bank will end up owning the farm. One more farm bites the dust. Farmers are far from rich. Most barely make ends meet in a bad year. A lot of farms depend on loans to survive a bad year. In a good year that same farmer can make enough money to pay everything off, and maybe buy a new truck, or a tractor. Does that make him rich, no it just means he can keep working his ass off for another year. Farmers work hard, and put in 60 to 80 hours a week. At harvest time or when something goes wrong, the hours can go up dramatically. Sometimes they have to eat on the go, and survive on a little nap when they can take a minute off. I don't know where these assholes get the idea that farmers are rich. If any of them want to try it, most farms are looking for help. The hours are long and the pay is not too good, but at the end of the day, you feel like you have accomplished something. With the average farmer being somewhere between 65 and eighty, this could work into a chance to inherit some land. If you are man enough, and aren't afraid of hard work, go for it. Just don't try to tell the farmer that he's rich. Even though his net worth looks really good, all his money is tied up in land and equipment.

The death tax makes it very hard to keep the farm in the family. It's just a gift to large corporate farms. That who ends up with all the land after it is repossessed.

Just another GOVT LAND GRAB!
They will sell it again and again.