Comment

South Bay Poles

743
reine.de.tout2/01/2010 11:32:05 am PST

re: #738 webevintage

My point is that Family Farms, while subject to the estate tax are protected by various tax laws that mitigate the effect of the tax and that most of the “family farms” that are subject to the estate tax upon the death of the owner are not sold to pay that tax.

Now yes, it sucks of the farm is lost to debts (like a 2nd or 3rd mortage) or local property tax issues, but those have nothing to do with the estate tax.

And my point - governmental practices, whether estate tax or property tax, that make it difficult or impossible for a family to retain their property - farm or otherwise - are just wrong, imo.