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Message Subject Ranchers, farmers brace for 'death tax' impact
Poster Handle Anonymous Coward
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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.
 Quoting: Epic Beard Guy


sounds like the farm is going away when debt collectors come calling )


if farmers were collectively not such a bunch of douhes they would figure out workarounds for this. however i will refrain from giving them any ideas ) to stupid to hold onto your shit , then you don't deserve it
any business dependent on credit to run deserves to fail
 
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