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Originally posted by links234
reply to post by Wrabbit2000
Wrabbit,
You and I disagree on a lot but we disagree in a good way. As for the first decade I was extremely apathetic. I had bigger things to worry about wearing combat boots than what the government was doing.
Unless the law is changed the Federal estate tax is set to take another bizarre change in 2013. Generally, taxable estates over $1 million will be subject to estate tax, and the maximum marginal tax rate of 55% will begin at $3 million.
"The idea behind the estate tax is to prevent the very wealthy among us from accumulating vast fortunes that they can pass along to the next generation," said Patrick Lester, director of Federal Fiscal Policy with the progressive think tank -- OMB Watch. "The poster child for the estate tax is Paris Hilton -- the celebrity and hotel heiress. That's who this is targeted at, not ordinary Americans."
Originally posted by works4dhs
what's ironic to me is that most of these farms will have to be sold and who will buy them? big business farms. will we wake up one morning with four or five companies (ConAgra etc) owning 50-60% of our farms?
the left is shooting itself in the foot.
Originally posted by TDawgRex
Originally posted by kaylaluv
My in-laws are doing this primarily because this land has been in the family for many generations, so it's more for sentimental reasons than anything. None of the sons wants to work cattle, but they want to keep the land in the family.
As I see it, once they are In-Laws, they are family.
And they sound like honest folk. Do thay want to do something else with the land?
Originally posted by hawkiye
reply to post by TDawgRex
Everyone needs to learn about trusts especially these farmers. The right trusts can avoid all this since the estate is not left to anyone, living trustees just carry on nothing changes hands there is no sale and no taxes etc. This is what the rich do and why their families are still rich and still own the family assets. All their assets are in trusts and their heirs are also trustees etc.
Originally posted by Unity_99
Most farmers are poor in income and rich in land. And that land is their struggling children's inheritance. And its all paid off on after tax dollars. Its THEIRs. No one has the right to steal it from them or force them to sell. That is against your constitution and is illegal. Tell the government they will be thrown in jail and stand up in large numbers.
Originally posted by Unity_99
reply to post by hawkiye
They shouldn't have to. Nor should they have to continue to pay off a perpetual morgage over and over. The government is commiitting fraud and treason against the constitution and must be stopped. People cannot allow the things that are illegal that are done. You aren't equal at the ballot then powerless the rest of the time. The ballot really does little, its the rest of the time that makes a democracy a democracy by people taking action.
Oh know it's Fox news ... and ... This is right out of "Atlas Shrugged". Since when is the Government in the business of "Making a Profit?"
Originally posted by Asktheanimals
The estate tax was created to destroy small businesses and family farms - it doesn't touch the bankers or big corporation. ...
Originally posted by TDawgRex
reply to post by hawkiye
Thank you.
I have a feeling that I have some learnin's in front of me.
seriously though...Thanks.
Originally posted by VitriolAndAngst
Originally posted by Asktheanimals
The estate tax was created to destroy small businesses and family farms - it doesn't touch the bankers or big corporation. ...
Now we are supposed to pretend the Republicans are saving small farmers? Really? You don't think this is yet another tea bag/rupert murdoch tempest in a tea pot to protect THEIR trust funds?