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Exempt Family Farms from Estate Taxes.

 
Anonymous Coward
User ID: 27948157
United States
11/18/2012 01:11 AM
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Exempt Family Farms from Estate Taxes.
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)]
anonimalle

User ID: 25025254
United States
11/18/2012 01:16 AM
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Re: Exempt Family Farms from Estate Taxes.
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)]
 Quoting: Anonymous Coward 27948157


bumpclappa
Behind every myth lies a mystery, and every legend holds an echo of the truth …… anonimalle

" At the siege of Vienna in 1683 Islam seemed poised to overrun Christian Europe. We are in a new phase of a very old war."

Gates of Vienna.

"May we smite our enemies to the darkest chamber of hell, for we wish only to live in peace, and they desire only to put their boot upon our neck."
Anonymous Coward
User ID: 524223
United States
11/18/2012 01:17 AM
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Re: Exempt Family Farms from Estate Taxes.
Should have been sold to your kids for $1 an acre before you died........




.
Factual Error

User ID: 19116606
United States
11/18/2012 01:35 AM

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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
Not intended to be a factual statement.
Anonymous Coward (OP)
User ID: 27948157
United States
11/18/2012 01:47 AM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


I clear, after expenses, about $65,000 a year. That is because I own my land. I have 500 acres that, because of location, is valued at $2.8 million. after the 1st of January the old rate kicks in of anything over $1 million being taxed at 55%. That is almost $1 million. It took me thirty years to py this place off, now my heirs have to pay another thirty years to keep it?
Anonymous Coward (OP)
User ID: 27948157
United States
11/18/2012 01:48 AM
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Re: Exempt Family Farms from Estate Taxes.
Should have been sold to your kids for $1 an acre before you died........




.
 Quoting: Anonymous Coward 524223


Try it, you will get hit with a huge "Gift Tax".
Anonymous Coward
User ID: 23011194
United States
11/18/2012 01:49 AM
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Re: Exempt Family Farms from Estate Taxes.
zero wants to raise it to 55%?
Anonymous Coward
User ID: 664728
New Zealand
11/18/2012 01:50 AM
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Re: Exempt Family Farms from Estate Taxes.
for a few thousand US $, you can set up a TRUST

you put the land into the trust

the whole family are trustees

death doesn't affect the trust



(I am american and my family uses trusts)
Anonymous Coward (OP)
User ID: 27948157
United States
11/18/2012 01:50 AM
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Re: Exempt Family Farms from Estate Taxes.
zero wants to raise it to 55%?
 Quoting: Anonymous Coward 23011194

Yep, 55%.
strgzr

User ID: 27955683
United States
11/18/2012 01:51 AM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


You are a moron. You shouldn't post in a thread where your only input is stupidity.

Last Edited by strgzr on 11/18/2012 01:53 AM
Anonymous Coward (OP)
User ID: 27948157
United States
11/18/2012 01:52 AM
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Re: Exempt Family Farms from Estate Taxes.
.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


I don't think Paris Hilton works 7 days a week, up to 16-17 hours a day.
whelen35
User ID: 1996085
United States
11/18/2012 02:13 AM
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Re: Exempt Family Farms from Estate Taxes.
Mostof the "great" creators of comunist countrys started with this thinking. Land and businesses could not be passed on to their children. The good government now held the means of food and production. You are now a slave to the government to eat or have a job. Production goes down because the people have no insentive to due any more that what is minimemly acceptable. First as our government put into place a system that has blocked indivudals from getting themselfs out of the grip of government servitude by placing negative hurtles for people who do want togrow their wage and become the high income earners, aka the American Dream. This grows the voter base.they are told they will have nothing if the government programs are not there for them. Alltoo soon, these people become a large enought group where they can vote people into power who say lets take some of the money from those who are better off,not depentant on the government, and give it to the less wealthy. Sounds so warm and fuzzy, right? Well in very short order, say one or two generations of smallbusinesses going into the governments ownership, we all will be dependent for the handouts to survive, paing rent to the government for the homes they own and we pay to stay in. I just don't understand who the general public can not see this as very bad,even evil.
Anonymous Coward
User ID: 957572
United States
11/18/2012 02:15 AM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


I clear, after expenses, about $65,000 a year. That is because I own my land. I have 500 acres that, because of location, is valued at $2.8 million. after the 1st of January the old rate kicks in of anything over $1 million being taxed at 55%. That is almost $1 million. It took me thirty years to py this place off, now my heirs have to pay another thirty years to keep it?
 Quoting: Anonymous Coward 27948157


Hey fuckstain , why didn't you start parceling out early early in your kids lives ?
An acre here an an acre there and this wouldn't be an issue now. Your piss poor estate planning is not my problem . Hint land trusts yanno pass on control of the trust without incurring taxes . Too bad you are stupid fuck when it comes to money.
Anonymous Coward (OP)
User ID: 27948157
United States
11/18/2012 02:22 AM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


I clear, after expenses, about $65,000 a year. That is because I own my land. I have 500 acres that, because of location, is valued at $2.8 million. after the 1st of January the old rate kicks in of anything over $1 million being taxed at 55%. That is almost $1 million. It took me thirty years to py this place off, now my heirs have to pay another thirty years to keep it?
 Quoting: Anonymous Coward 27948157


Hey fuckstain , why didn't you start parceling out early early in your kids lives ?
An acre here an an acre there and this wouldn't be an issue now. Your piss poor estate planning is not my problem . Hint land trusts yanno pass on control of the trust without incurring taxes . Too bad you are stupid fuck when it comes to money.
 Quoting: Anonymous Coward 957572


Hey, Dipshit, you do know that you cannot parcel out "An acre here an an acre there" because the whole property would have to be resurveyed, subdivided and a whole set of new abstracts drawn up. This ain't your backyard, it is almost 4/5ths of a square mile, and I ain't got $50,000 to get it done.
Anonymous Coward
User ID: 23011194
United States
11/18/2012 02:22 AM
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Re: Exempt Family Farms from Estate Taxes.
sounds like confiscation to me.....
Anonymous Coward
User ID: 9231012
United States
11/18/2012 02:47 AM
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Re: Exempt Family Farms from Estate Taxes.
for a few thousand US $, you can set up a TRUST

you put the land into the trust

the whole family are trustees

death doesn't affect the trust



(I am american and my family uses trusts)
 Quoting: Anonymous Coward 664728


It needs to be a non-revocable trust.
Medicaid, if needed can dissolve a revocable trust under the recovery act laws.

With all seriousness, The New world order wants to strip people of land ownership completely.
The Government first began buying up land for national parks, natural areas, and later all the watersheds.

Many times is anyone buys land now the Government will claim they are over an underground water source or some rare bug lives on the land so the people can't develope it or in some cases even build a home they bought the land for.

I remember reading the plans for the new agenda.
They consider us all nothing more than a HERD.
It is easier to tax, control and monitor the health of a human herd when kept in large cities.
they just lately pulled some kind of crap not too long ago to "Help farmers in ill heath have better health care no matter how far out of town they live." which sounded great until you read the really really fine print, which is usual for the Government. They will help you with your healthcare for the eventual price of the farm, probably something along the lines of a different kind of medical cost recovery act.

One day the Government will own all the land and we will all be forced to live in zones since most of us are considered unhealthy and destructive for the land.

Big brother and the banks will be doing ALL the farming.


Hell, as it is now, Banks try their best to ruin farmers now too.
Even Monsanto is helping them.

Can you say, Mooo Mooooo, or, Baaaa Baaaa?
Your nothing but a herd member, get used to it.
Anonymous Coward
User ID: 27841129
United States
11/18/2012 02:56 AM
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Re: Exempt Family Farms from Estate Taxes.
bump

I only see two sigs on the petition.

Why haven't you other people signed yet.

Here I go...
oldmandowntheroad

User ID: 24360013
United States
11/18/2012 03:03 AM

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Re: Exempt Family Farms from Estate Taxes.
obama is a commie and the antichrist....how stupid are people in the USA
lightchild_uk
Waiting for IT

User ID: 27810654
United Kingdom
11/18/2012 03:10 AM

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Re: Exempt Family Farms from Estate Taxes.
Farms in the UK are exempt from inheritance tax.
Anonymous Coward
User ID: 957572
United States
11/18/2012 07:22 AM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


I clear, after expenses, about $65,000 a year. That is because I own my land. I have 500 acres that, because of location, is valued at $2.8 million. after the 1st of January the old rate kicks in of anything over $1 million being taxed at 55%. That is almost $1 million. It took me thirty years to py this place off, now my heirs have to pay another thirty years to keep it?
 Quoting: Anonymous Coward 27948157


Hey fuckstain , why didn't you start parceling out early early in your kids lives ?
An acre here an an acre there and this wouldn't be an issue now. Your piss poor estate planning is not my problem . Hint land trusts yanno pass on control of the trust without incurring taxes . Too bad you are stupid fuck when it comes to money.
 Quoting: Anonymous Coward 957572


Hey, Dipshit, you do know that you cannot parcel out "An acre here an an acre there" because the whole property would have to be resurveyed, subdivided and a whole set of new abstracts drawn up. This ain't your backyard, it is almost 4/5ths of a square mile, and I ain't got $50,000 to get it done.
 Quoting: Anonymous Coward 27948157


Your piss poor estate planning is again , not my problem . Yet somehow da chilruns are going to come up with one million ? Alrighty then, stupidity gets no sympathy from me.
Estate planning starts the minute you acquire your first "saved dollar" not 30 years after you allegedly became an adult.
Anonymous Coward
User ID: 28010550
United States
11/18/2012 03:16 PM
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Re: Exempt Family Farms from Estate Taxes.
...


I clear, after expenses, about $65,000 a year. That is because I own my land. I have 500 acres that, because of location, is valued at $2.8 million. after the 1st of January the old rate kicks in of anything over $1 million being taxed at 55%. That is almost $1 million. It took me thirty years to py this place off, now my heirs have to pay another thirty years to keep it?
 Quoting: Anonymous Coward 27948157


Hey fuckstain , why didn't you start parceling out early early in your kids lives ?
An acre here an an acre there and this wouldn't be an issue now. Your piss poor estate planning is not my problem . Hint land trusts yanno pass on control of the trust without incurring taxes . Too bad you are stupid fuck when it comes to money.
 Quoting: Anonymous Coward 957572


Hey, Dipshit, you do know that you cannot parcel out "An acre here an an acre there" because the whole property would have to be resurveyed, subdivided and a whole set of new abstracts drawn up. This ain't your backyard, it is almost 4/5ths of a square mile, and I ain't got $50,000 to get it done.
 Quoting: Anonymous Coward 27948157


Your piss poor estate planning is again , not my problem . Yet somehow da chilruns are going to come up with one million ? Alrighty then, stupidity gets no sympathy from me.
Estate planning starts the minute you acquire your first "saved dollar" not 30 years after you allegedly became an adult.
 Quoting: Anonymous Coward 957572


You are one stupid sob. You have absolutely no idea what you are talking about, but that sure doesn't stop your diarrhoea of the face. `What is your problem? Jealous that you are to lazy and retarded to ever acquire anything? You are probably an Obamanoid, so just fly your hammer and sickle flag, worship Dear Leader and leave the adults alone.
Anonymous Coward
User ID: 11006689
United States
11/18/2012 03:27 PM
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Re: Exempt Family Farms from Estate Taxes.
so rather than petitioning the president, OP, you should actually pressure your rep and senators to engage in whatever budgetary compromise could retain the current 5 mill cutoff. but, like most repubs, you support the logjam, and will use the excuse of "i petitioned and he did nothing, so obama robbed me" as opposed to the MUCH more realistic "i helped elect a gang of turd rolling single issue tools that fucked me to punish the country for not voting the way they wanted them to".
Anonymous Coward
User ID: 27835401
United States
11/18/2012 03:38 PM
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Re: Exempt Family Farms from Estate Taxes.
there should be no estate taxes period.

IDGAF if you're a dirt digger or funeral home owner.

fuck that
Anonymous Coward
User ID: 27972188
United States
11/18/2012 03:42 PM
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Re: Exempt Family Farms from Estate Taxes.
Don't worry about it, they will be sending those jobs overseas too just as soon as they get rid of the poppy fields
Wisconsin

User ID: 26997708
United States
11/18/2012 04:06 PM
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Re: Exempt Family Farms from Estate Taxes.
Estate taxes don't kick in unless the estate is over $5 million. That's not a "family farm". That's a multi-million dollar agri-business.

America is supposed to be a meritocracy, not an aristocracy.

Generational wealth transfer creates people like Paris Hilton. Not what this country needs IMHO.
 Quoting: Factual Error


.
... farming is no longer 40 acres, a mule, and a bag of seed ...
.
... small businesses are also not 50 cent operations anymore ...
.
... O and company know NOTHING about business ...
.
... don't think the economy is going to survive four more years ...
.
Amos 5:13
timelines and Celebrations of Yeshua - [link to www.grafted-promise.net]
Anonymous Coward
User ID: 28111066
United States
11/20/2012 01:52 AM
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Re: Exempt Family Farms from Estate Taxes.
so rather than petitioning the president, OP, you should actually pressure your rep and senators to engage in whatever budgetary compromise could retain the current 5 mill cutoff. but, like most repubs, you support the logjam, and will use the excuse of "i petitioned and he did nothing, so obama robbed me" as opposed to the MUCH more realistic "i helped elect a gang of turd rolling single issue tools that fucked me to punish the country for not voting the way they wanted them to".
 Quoting: Anonymous Coward 11006689


I am not a Repuke or a Demoncrat, I am a Constitutionalist, I only signed the petition to draw attention to this Bolshevik agenda. Do you really think any of these people are our friends?

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