Democrats' Death Tax Hike Could Kill Half Million Farms

More than half a million family farms could be threatened with insolvency when a death tax increase rammed through the Senate by Harry Reid and the Democrats goes into effect, according to an analysis by the Senate Republican Policy Committee.

That’s about a quarter of all the farms in America, according to the Washington Examiner.

The tax hike raises the rate on family estates by a whopping 20 percent, from 35 percent to 55 percent. It also lowers the exemption threshold from $5.1 million to $1 million.

The increase was passed on a party-line vote over the summer.

Because of rising farm real estate values, that puts a quarter of the farms in the country in jeopardy should an owner die and try to pass the farm to his heirs.

Since the value of most farms is largely in the land, buildings and other non-liquid assets, heirs may find themselves having to sell off large portions of their farms to satisfy the tax debt.

The death tax is one of the most reviled levies to come out of Washington. It effectively charges grieving families because a loved one has died and tried to leave them some money or property that has already been taxed, probably repeatedly, during the life of its original owner.

This is the sort of thing that really fries my biscuit. Where the H-E-double-hockey-sticks do the Democrats get off thinking that they can steal more than half of a family’s inheritance just because someone dies?

The original American Revolution was started largely because of unjust taxation, and those taxes were nothing compared to what we are doing to ourselves today.

If there was any justice in the world, this death tax increase would get Washington politicians tarred, feathered and run out of town tied to a rail.

But the “fair share,” soak-the-rich narrative has this nation so cowed that it seems unlikely anything will change as we watch the government steal what’s left of our farming culture, then wonder why people won’t be able to afford food at the grocery store.







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Posted in Bureaucrats, Business, Corruption, Economics, Economy, Liberalism, Politics, Taxes Tagged with: , , , , , , ,
  • phil

    Neither was the LAST FOUR. But we are Temp STUCK with it.

  • Wild Bill Alaska

    To bypass this law aging farm owners should look into the legalities of transferring the title to the land to their heirs at the first sign of illness.

  • Ron G

    Harry Reid. Read my comment on Pelosi. Keep your mouth shut until you keep your 2006 promise!

  • freedomgirl

    Democrats cradling Agenda 21, killing America and all our chilrens futures.
    The forks been stuck, freedom as we once knew it is done.

    • freedomgirl

      ooops, ‘childrens’…

  • reggiec

    Besides a double tax on income; The death is nothing else but an attack on private property. The protection of private property is one of the foundations of western culture. Without private property bing protected; civilization would never advance. Who would start anything if their efforts were not protected and they could make a profit from their toil? The fact that someone who owns something dies should not give the government the right to destroy that something by forcing the survivors to liquidate to pay onerous taxes.
    ***
    ■“To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it.” — Thomas Jefferson, Letter to Joseph Milligan, April 6, 1816

  • mrjjwa

    They want too destroy this country from within & they have a good head start Tell congress too IMPEACH him,Get rid of czars Fire Holder & indite him ETC. ETC.

  • smartgranny55

    Gift the deed to the land to your heirs. Of course, you may have to start 20 yrs ago.

  • ARMYOF69

    Sell off everything you own, take the cash and risk carrying into Panama, get a nice place for under $200,000 and live like a king on $2000 a month. The US government cannot steal from you what you do not own anymore.
    And, for the best part….leave all the takers behind for the illegal aliens to work for.

  • http://www.facebook.com/eyma.lyer Eyma Lyer

    The socialists will rob you, rob you and then rob you again This is all they know and want Any way they can to get your money for themselves so they can make themselves richer and put you in the dirt.

  • whatsnext

    This should get you off the couch and off the computer out into the streets and start to do something to take back our country, nafta was a bad idea and now we are seeing why, there are countries that hate us and want to do us harm, and we are giving them the money to do it, by buying from them. We need to start worrying about our families our country and our people and let the rest of the world do the same. Americans need to take care of America and stop giving our resources to other countries. Most of all the un needs to find another tit that gives cream, this one is drying up. What are you going to do for your country? look at it like this someone has given and to many are taking so now we need some more someones to give, because to many are taking. The math does not figure out right, one giving 10 taking. If one can supply 10 then 10 can supply more it might work if that were the case but the 1 will end up giving up because the burden it to great.

    The other part of this is the number of farms, the population is such that losing any farms could raise food cost, killing farms is the last thing we need and our government officials would vote to do this. Who loses here, we do the American people lose because our government is so inept that they squander our tax money, and now want more. How shameful can they get.

  • quipster

    We were better off in 1770 under England’s rules. I wish they would legalize duelling because some of these politicos just got to go before their time. Colt 45′s 1911 at 25 yards!!!!!

  • Patriot

    I don’t believe they want to return it to the wild in WDC as much as they want to have gov’t coop farms like Russia and limit our food and make us even more needy on the gov’t.
    Stock up.
    I hate Barack Obama. I wish him all the evil in the world which he should attract to himself since like attracts like. I wish him found out and tarred and feathered and dropped out of a helicopter over the Marianna Trench.

  • sovereigntyofone

    Wecome to communism American style. The Democommies want to redistribute YOUR wealth. How dare you leave a farm to your son or daughter when the Democommines can steal half of what it’s worth and give to the ” Entitled ” that deserve it. Forget that they had done nothing to contribute to this nation or themselves. So what, so you broke your back all your life keeping the farm productive, the same farm that has been handed down farther to son or father to daughter that’s been in the family name for generation. This is the New World Order and you must comply. Every one gets their fare share…. NOTHING.

  • Raymond

    A Christmas Story

    (Please read all the way to the end)

    A brother and sister had made their usual hurried, obligatory pre-Christmas visit to the little farm where dwelt their elderly parents with their small herd of horses. The farm was where they had grown up and had been named Lone Pine Farm because of the huge pine, which topped the hill behind the farm. Through the years the tree had become a talisman to the old man and his wife, and a landmark in the countryside. The young siblings had fond memories of their childhood here, but the city hustle and bustle added more excitement to their lives, and called them away to a different life.

    The old folks no longer showed their horses, for the years had taken their toll, and getting out to the barn on those frosty mornings was getting harder, but it gave them a reason to get up in the mornings and a reason to live. They sold a few foals each year, and the horses were their reason for joy in the morning and contentment at day’s end.

    Angry, as they prepared to leave, the young couple confronted the old folks “Why do you not at least dispose of ‘The Old One’. She is no longer of use to you. It’s been years since you’ve had foals from her. You should cut corners and save so you can have more for yourselves. How can this old worn out horse bring you anything but expense and work? Why do you keep her anyway?”

    The old man looked down at his worn boots, holes in the toes, scuffed at the barn floor and replied, ” Yes, I could use a pair of new boots”.

    His arm slid defensively about the Old One’s neck as he drew her near with gentle caressing he rubbed her softly behind her ears. He replied softly, “We keep her because of love. Nothing else, just love.”

    Baffled and irritated, the young folks wished the old man and his wife a Merry Christmas and headed back toward the city as darkness stole through the valley.

    The old couple shook their heads in sorrow that it had not been a happy visit. A tear fell upon their cheeks. How is it that these young folks do not understand the peace of the love that filled their hearts?

    So it was, that because of the unhappy leave-taking, no one noticed the insulation smoldering on the frayed wires in the old barn. None saw the first spark fall. None but the “Old One”.

    In a matter of minutes, the whole barn was ablaze and the hungry flames were licking at the loft full of hay. With a cry of horror and despair, the old man shouted to his wife to call for help as he raced to the barn to save their beloved horses. But the flames were roaring now, and the blazing heat drove him back. He sank sobbing to the ground, helpless before the fire’s fury. His wife back from calling for help cradled him in her arms, clinging to each other, they wept at their loss.

    By the time the fire department arrived, only smoking, glowing ruins were left, and the old man and his wife, exhausted from their grief, huddled together before the barn. They were speechless as they rose from the cold snow covered ground. They nodded thanks to the firemen as there was nothing anyone could do now. The old man turned to his wife, resting her white head upon his shoulders as his shaking old hands clumsily dried her tears with a frayed red bandana. Brokenly he whispered, “We have lost much, but God has spared our home on this eve of Christmas. Let us gather strength and climb the hill to the old pine where we have sought comfort in times of despair. We will look down upon our home and give thanks to God that it has been spared and pray for our beloved most precious gifts that have been taken from us.

    And so, he took her by the hand and slowly helped her up the snowy hill as he brushed aside his own tears with the back of his old and withered hand.

    The journey up the hill was hard for their old bodies in the steep snow. As they stepped over the little knoll at the crest of the hill, they paused to rest, looking up to the top of the hill the old couple gasped and fell to their knees in amazement at the incredible beauty before them.

    Seemingly, every glorious, brilliant star in the heavens was caught up in the glittering, snow-frosted branches of their beloved pine, and it was aglow with heavenly candles. And poised on its top most bough, a crystal crescent moon glistened like spun glass. Never had a mere mortal created a Christmas tree such as this. They were breathless as the old man held his wife tighter in his arms.

    Suddenly, the old man gave a cry of wonder and incredible joy. Amazed and mystified, he took his wife by the hand and pulled her forward. There, beneath the tree, in resplendent glory, a mist hovering over and glowing in the darkness was their Christmas gift. Shadows glistening in the night light.

    Bedded down about the “Old one” close to the trunk of the tree, was the entire herd, safe.

    At the first hint of smoke, she had pushed the door ajar with her muzzle and had led the horses through it. Slowly and with great dignity, never looking back, she had led them up the hill, stepping cautiously through the snow. The foals were frightened and dashed about. The skittish yearlings looked back at the crackling, hungry flames, and tucked their tails under them as they licked their lips and hopped like rabbits. The mares that were in foal with a new year’s crop of babies, pressed uneasily against the “Old One” as she moved calmly up the hill and to safety beneath the pine. And now she lay among them and gazed at the faces of the old man and his wife.

    Those she loved she had not disappointed. Her body was brittle with years, tired from the climb, but the golden eyes were filled with devotion as she offered her gift–
    Because of love. Only Because of love.

    Tears flowed as the old couple shouted their praise and joy… And again the peace of love filled their hearts.

    This is a true story.

    Willy Eagle

  • Richard Cancemi

    All these S.O.B.’s are doing the work of the UN’s Agenda21. Their “sustainable development” is a code to confiscate land, herd people into huge apartment complexes ala Russia and England’s Council Housing. Wealth “frees” people and Socialism doesn’t want this.

    We are seeing more and more government management in an on our lives. The EPA is their dirty work, too.

    Obama is a Muslim in his personal life, by his own admission; and, a Marxist in his political life. He serves the UN and not the USA! He is for World Socialism ala “The Rulers and the Ruled”. He wants this but we must reject it and him!

    Ignorant voters have put the Fox in the hen house and he is eating up the chickens with the help of too many Republicans who refuse to stand up to him. Perhaps they too are in collusion with the UN’s One World Globalism Government?

    America is on the brink of destruction by these anti-American forces. We will all be slaves, if we don’t wake up, to all of these Progressive Socialists.

  • bernie

    This is exactly what the damn LIBERALS voted for so now they can THANK the idiot in the white house for their “FREEBIES” they thought they were going to receive.(lol)

  • ddenney1

    Typical DNC! The problem is that most family farms have been hurt already by corperate farms where most of our produce etc… comes from. I think one way around this is to make you farm an LLC with all the heirs names on the LLC then just do business as usual. I have also heard that if you GIVE away the holding before you die to the heirs there isn’t death tax do not quote me the law may have changed. I never had anyone in my family with enough money to matter. I guess poverty does have it’s benefits and the COMMRADES in the DNC want US-A to all have this BENEFIT!

  • Conservative American Patriot

    Keep voting for Jackasses(democrat symbol). They are anti America socialist dictators but then, sycophants nursing at the government teet depend on the pittance offered by the donkeys. Donkeys do nothing but bray and poop. Obama is a perfect donkey and he will be remembered for reinstating slavery. Way to go Obama!