Saturday, September 30, 2017

ESTATE TAXES:  I've seen a dozen or more postings here on social media, arguing that "death taxes" are bad because they cause family farms and small business to be broken up ...

Let's get it straight, estates up to $10 million have been exempt from estate taxes for almost 20 years now ... if your "family farm" or "small business" is worth more than $10 million ... IT IS NOT A FAMILY FARM, it is NOT a small business.  More than likely it is a corporate enterprise that can (and they are being) structured to avoid taxes ... the "FAMILY FARM" argument is a throwback to the 40's and 50's and is nothing more than a red herring today .

 ... and it is not a "death tax" ... everyone dies, not everyone leaves a $10 million plus estate ... the use of the term "death tax" is a deliberate right wing falsehood that tries to convince people that they will be paying taxes even after death ...


Reposted from a friend 

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