Most of you likely do not understand what a problem this is for farmers and ranchers.
Most of them just eek out a living and want nothing more to pass their farm on to the next generation as a family farm.
Their land has skyrocketed in value under the last 3 Presidents. Their costs of production is also out of control now under Biden. But with land so high, large farms easily would be caught up in K2's death tax scheme.
Many of these would need to be sold because of K2.
Kamala Harris wants America to have the world's highest death tax
www.foxnews.com
Most of them just eek out a living and want nothing more to pass their farm on to the next generation as a family farm.
Their land has skyrocketed in value under the last 3 Presidents. Their costs of production is also out of control now under Biden. But with land so high, large farms easily would be caught up in K2's death tax scheme.
Many of these would need to be sold because of K2.
Kamala Harris wants America to have the world's highest death tax
Kamala Harris wants America to have the world's highest death tax
The real-world impact of death taxes this high is that older people will avoid the death tax by lavishly spending down the family estate so that there is no money left to tax.
