526,421 family farms threatened by new death tax – Washington Examiner

December 13, 2012

According to the The Washington Examiner:

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.

According to the analysis from the Senate Republican Policy Committee, chaired by Wyoming’s John Barrasso:

…the federal government will begin taking more than half the value of family farm estates exceeding $1 million beginning next year….

This would economically devastate rural communities.

To read the entire article in The Washington Examiner, please click here.

Girl Peeling Potatoes painted by Albert Anker

 

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