Ranchers, farmers brace for 'death tax' impact

[RugersGR8]

This ought to be of interest to anyone that has a family farm or family business.

http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending
Ranchers, farmers brace for 'death tax' impact
By William La Jeunesse Published November 16, 2012 FoxNews.com

..."Ironically, many nations historically more concerned with class and wealth -- namely Russia and China -- have since abandoned their estate taxes."...

 

[twoguns?]

I dont even have anything ,and this sounds like theft , pure and simple.
Dont take that crap you Richies....Fight back

 

[RickN]

If they are going to raise taxes they should do it fairly. They can start by restoring the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. If they really want to raise funds how about capping the mortgage interest deduction so that houses worth more than $250,000 are ineligible.

 

[DPI]

It's not about fairness or even reducing the country's debt. It all about redistribution of wealth with this administration -Nothing Else!

 

[OliverKlohzoff]

I know this is hard for you lefties to understand but good freakin' god ! ............... How about spending only what you take in? No more credit cards on the backs of the American people. The Gov't grows like a cancer every single year. At this point the cancer is terminal and I don't think there is anything the nitwits in Washington DC can or will do about it.

The whole concept of a "death tax" on property/goods that have already been taxed is so unfair, so ridiculous, just completely unfair. 1 million $'s in total wealth really isn't that much these days when you look at a lifetime of achievements, wealth and savings. To take anything whatsoever in a "death tax' is outrageous.

 

[Fyrtwuck]

Sounds like it's all about me paying more money than I have and eventually kicking me out into the street, taking my property and making me homeless. The cost of living and taxes go up but my retirement check never increases.

 

[tran]

The people asked for it, bend over for Obama! Stupid SOB's...

 

[Cohiba]

Just wait...farmers are going to really be taxed.

Right now Congressmen and Senators(well some are) are fighting taxes the EPA wants to impose on farmers.

1. Dust Tax...fugitive dust stirred up from farming. Key words: Fugitive dust.

There are others, let's see what plays on the future of farmers.


Cohiba

 

[338Shooter]

Couldn't you just put the property in a trust and add the kids as trustees?

 

[SMS]

"Fair Share" is in full effect....if you have something shiny and nice expect to give up a piece of it so that someone else can have shiny and nice. It's the new normal.