Tag Archive: Family Farms


 

Coming 55% Death Tax To Threaten Over Half-Million Family Farms

 

 

 

 

 

 

 

 ” 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

 

 

“The Department of Labor is poised to put the finishing touches on a rule that would apply child-labor laws to children working on family farms, prohibiting them from performing a list of jobs on their own families’ land.
  Under the rules, children under 18 could no longer work “in the storing, marketing and
transporting of farm product raw materials.

“Prohibited places of employment,” a Department press release read, “would include country grain elevators, grain bins, silos, feed
lots, stockyards, livestock exchanges and livestock auctions.”

” The new regulations, first proposed August 31 by
Labor Secretary Hilda Solis, would also revoke the government’s approval of safety training and certification taught by independent groups like 4-H and FFA , replacing them instead with a 90-hour federal government training course. ”
Unf…ing Believable . And some people actually believe we don’t have enough government !