” The infamous ‘death tax’ could come at an unbearable cost to millions of Americans that want to keep the family farm. If your estate exceeds $1 million, your family might have to fork over 55% to the IRS …just because you passed on. This tax is especially going to hit family farms and ranches, some of which might have been owned for generations. The Examiner writes:
New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, of about 25 percent of all farms in America, according to a Senate analysis. “
Even as the left bemoans the loss of small business/family farms they continue to enact legislation that produces the exact result that they claim to abhor .
The Death Tax is the most obscene of all the government wealth confiscation schemes . All of the assets that comprise a decedent ’s estate , whether it be cash savings , stocks/bonds , real estate , jewelry or anything else has already been taxed at least once and likely more than that . For the government to reach into the coffin and take half of the deceased ‘s hard earned belongings is the ultimate indecency .
Illustration By Michael Ramirez
We’ve been told the Republican Party must recalibrate all its positions following an election in which very little changed. We’ve been lectured on abortion after exit polls showed voters were motivated by the economy. We’ve watched various big-government “conservatives” crawl out from under rocks murmuring the usual incantations against the Tea Party. And we’ve endured a video of Meghan McCain saying she “hates” Karl Rove being praised as some sort of avant garde one-woman stage show.
As a friend of mine exclaimed a few days ago, “We lost one election!” It was a stinging loss at a crucial time, to be sure. But it hardly portends the extinction of conservatism.
That being said, there’s one voice in the cacophony that’s worth a listen. Rep. Raul Labrador (R-Idaho) said this on Meet the Press this past Sunday:
[W]e believe in small government, but we also believe in the individual. There are too many Republicans here in Washington, DC, and they are actually defending big business. They are defending the rich. I didn’t become a Republican to defend the rich. And– and what we need to understand is that big business loves big government, because they get all the goodies from big government. They get more– they get less competition. The more that government grows, the more that big business actually benefits from the tax code and from the regulations.