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In reply to the discussion: How to instantly prove conservatives are liars about economics. [View all]truebluegreen
(9,033 posts)35. Zombie Lie Alert!
Back in the day, one of the key Republican arguments against the estate tax was that it forced hardworking, salt-of-the-earth children of small farmers to sell the family plot in order to pay their taxes after dad died. It was a sad story, but with one problem: no one could find even a single small farmer who had been forced to liquidate in order to satisfy Uncle Sam's voracious maw. Even the American Farm Bureau Federation was eventually forced to admit that it couldn't come up with a single example, and a few years later the Congressional Budget Office estimated that under the now-current exemption level, only a tiny handful of small farms were likely to owe any estate tax to begin with and of those, only about a dozen lacked the assets to pay their taxes. And even those dozen had 14 years to pay the bill as long as the kids kept running the farm. In other words, the story was a fraud from beginning to end.
Read the whole article here: http://www.motherjones.com/kevin-drum/2011/09/zombie-lies-taxes-and-small-businesses
The American Farm Bureau couldn't come up with an example; I'd be interested to see links to even one of yours.
Read the whole article here: http://www.motherjones.com/kevin-drum/2011/09/zombie-lies-taxes-and-small-businesses
The American Farm Bureau couldn't come up with an example; I'd be interested to see links to even one of yours.
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How to instantly prove conservatives are liars about economics. [View all]
True Blue Door
Nov 2014
OP
What about when inheritance taxes make it too expensive to pass down the family farm? nt
Nuclear Unicorn
Nov 2014
#5
If by "the people" you mean "some of the people, but not all of them" then you are right.
Donald Ian Rankin
Nov 2014
#20
No. The thieves steal what they want and leave crumbs behind for the family.
Nuclear Unicorn
Nov 2014
#25
Get back to me when those applauding the destruction of family farms apply the same zeal
Nuclear Unicorn
Nov 2014
#31
It's not an all or nothing prospect. It's possible to alleviate the devastation done to family farms
Nuclear Unicorn
Nov 2014
#33
There must be a lot of multimillionaires "scraping by" in Republican fantasy land.
True Blue Door
Nov 2014
#37
You obviously have no clue about rural life. Property can be valued in the millions but family
Nuclear Unicorn
Nov 2014
#40
Everyone could have a trust-fund if we had reasonable inheritance taxes.
True Blue Door
Nov 2014
#43
No, they help all the people who benefit from e.g. social security or medicare.
Donald Ian Rankin
Nov 2014
#34