BO-Taxed to the Death

[parsley]

http://drudgegae.iavian.net/r?
hop=http%3A%2F%2Fwashingtonexaminer.com
%2F632281-family-farms-threatened-by-new-
death-
tax%2Farticle%2F2515658%23.UMeRqKViZjY

[ColevilleH2S]

<a href="http://drudgegae.iavian.net/r?hop=http%3A%2F%2Fwashingtonexaminer.com%2F632281-family-farms-threatened-by-new-death-tax%2Farticle%2F2515658%23.UMeRqKViZjY">Clickable link here</a>

[parsley]

I was lazy. Lol

[lesm]

Typical socialist ideology- keep the
working class at the same level of
poverty.

[Hopperbin]

Parsley didn't the large farms in the usa pretty much expand tax free? At some point there has to some taxes collected. One million exemption from teh 5.1 is still generous. Other than that if one is in such a position should they not be doing some tax planning in the form of transferring ownership before hand? Another option is to take out life insurance for such a reason. Anyways how does this compare to canadian laws?

[Hopperbin]

Pretty sure the widows will still be able to drive their pink cadilacs.

[parsley]

Pink? Ouch.

[ColevilleH2S]

I think they call this a voluntary tax down there. The only families paying such tax are ones who lack the forethought to structure the farm as a trust before the owner dies.

I'm not sure, but I think it's called tax planning.

[parsley]

Isn't a 55% tax rate on anyone's lifetime of
earned assets just a little much'? Pars

[DogPatch]

If you knew you were dying, and went out and maxed out your cash on toys, and then gift it to your family, what would the government have to tax?

PO the IRS

[tmyrfield]

the fact that the government allows an
estate to keep 45% is actually a tax
expenditure. /sarc
everything belongs to BO now