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In reply to the discussion: How to instantly prove conservatives are liars about economics. [View all]ProfessorGAC
(65,933 posts)44. An Easy Exemption
Very high cap on the value of the farm AS LONG AS the farm is maintained as an ongoing concern. Sell the farm and pay the taxes. Keep the farm and there are no taxes on (just guessing), the first $4 or 5 million. (Figuring 250 acres at $6k per acre and all the farm equipment needed, plus the existing inventory of farming consumibles.)
If it's a giant factory farm, the taxes could be progressive as it rises above the cap.
Exempting an ongoing concern is an easy fix.
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How to instantly prove conservatives are liars about economics. [View all]
True Blue Door
Nov 2014
OP
What about when inheritance taxes make it too expensive to pass down the family farm? nt
Nuclear Unicorn
Nov 2014
#5
If by "the people" you mean "some of the people, but not all of them" then you are right.
Donald Ian Rankin
Nov 2014
#20
No. The thieves steal what they want and leave crumbs behind for the family.
Nuclear Unicorn
Nov 2014
#25
Get back to me when those applauding the destruction of family farms apply the same zeal
Nuclear Unicorn
Nov 2014
#31
It's not an all or nothing prospect. It's possible to alleviate the devastation done to family farms
Nuclear Unicorn
Nov 2014
#33
There must be a lot of multimillionaires "scraping by" in Republican fantasy land.
True Blue Door
Nov 2014
#37
You obviously have no clue about rural life. Property can be valued in the millions but family
Nuclear Unicorn
Nov 2014
#40
Everyone could have a trust-fund if we had reasonable inheritance taxes.
True Blue Door
Nov 2014
#43
No, they help all the people who benefit from e.g. social security or medicare.
Donald Ian Rankin
Nov 2014
#34