Quote:
Originally Posted by dellinger63
Meet my neighbors, the Pearce's. Because of where their farmland is located it's probably worth in the neighborhood of $30 million, probably another 5 million in structures and equipment. But yea, let's make his heirs pay $10 million in inheritance taxes and be forced to sell off a third of the land for development because Bob and the 5 generations before him worked too hard! 
http://www.pearcefarms.com/about.htm |
The above has been your daily installment of "people who don't understand how the estate tax works." Here's a link to set your mind at rest, Dell, regarding your neighbors and the hypothetical value of their farm:
http://www.cbpp.org/cms/?fa=view&id=2655