chadrucf wrote:johnnyvann840 wrote:I personally know a family who was affected seriously by it. Your argument that it is only a small percentage of farmers may be true..   but the family farm/ranch in America has been a dying entity for a long time now. 
Well then that family has an estate in excess of five million dollars.  This is not the reason farms are dying.  Can you not think of other factors instead of being fixated on estate tax? 
johnnyvann840 wrote:It's also insignificant enough that if repealed.....  nobody would feel it but it would allow more people to pass their business or their farm or ranch to their kids without being stolen from.
 
Not going to explain it to ignorant people who believe everything they read. You don't have to to be a wealthy, or even successful farm to have 1000 acres and equipment worth over $15-20 million.  In fact, you can be struggling yet employing many people and especially today if you have a farm in Oregon or Colorado and it is in certain districts the acreage can be worth over $10k/per. So, it's either sell the farm, a big portion of it (which doesn;t show up in the numbers many cite).... or try to stay in business with perhaps a $4 or 5 million tax bill. It's going to become a real problem, real soon, for a lot more people simply because of land value when it is close to cities or in districts where marijuana can be sold for example.
It's just stupid and unjust to EVER tax an inheritance. PERIOD. 
Hell, if it were up to me, capital gains tax would be eliminated, the IRS dissolved, federal income tax eliminated and a flat tax or a consumption tax would be implemented.  But, I'm just a fringe lunatic, so don't mind me. Sorry, if I think any money the government gets to spend is mostly wasted.
So it's totally insignificant, and yet it is destroying families and the entire farming and ranching industries?  Try again.
It is relatively insignificant and is a very small percentage of farms and businesses that even pay it... the problem is that the few people who do get stuck with it are rarely these wealthy people jet setting it around the World... they are salt of the earth people who happen to live their entire lives on land that became very valuable ....  but they still want to farm it...  and they own a ton of equipment and a business worth quite a bit...that is all they know. So, they wind up selling a portion of their land, or they just sell the farm to a big corp or developer or become one. One less farm... no big deal. Right?  we need more condos!