GOP TAX PLAN

[spence]

Originally Posted by Fishpart

Small businsses and family farms get the most from the estate tax repeal. It dosen't take much for a building, some land and cattle and some equipment to go over $6 million. How do you pass your farm or business to your family without having to sell a portion for taxes? I won't even get into the number of times the resources were taxed already.
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Actually a professor from Iowa State studied this issue and couldn't find a single instance of a family losing their farm because of the estate tax in the past 40 years. It's just an urban myth.
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[scottw]

Originally Posted by spence

Actually a professor from Iowa State studied this issue and couldn't find a single instance of a family losing their farm because of the estate tax in the past 40 years. It's just an urban myth.
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that's not what he wrote "How do you pass your farm or business to your family without having to sell a portion for taxes?"