Tuesday, December 11, 2012

Over half a million family farms at risk from 2013 estate tax increase

Earlier I wrote about higher estate taxes threatening family farms beginning in 2013.  Today, the Washington Examiner reported that 526,421 family farms are at risk from these higher taxes:
New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, or about 25 percent of all farms in America, according to a Senate analysis.

The Examiner article does not address the effect that such a tax increase will have on real estate prices, but the consequences will be far reaching and long lasting.

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