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Coffee Shop
Proposed "death tax" may kill the family farm?
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<blockquote data-quote="Jogeephus" data-source="post: 967689" data-attributes="member: 4362"><p>I believe we should have a death tax for the simple reason that without it some families would gobble up so much of the land and resources that the average person would not have a chance at owning property. In the late 1800's the exemption was a million dollars. This was a pile of money and you could buy about anything you wanted. Not adjusting this exemption for inflation is criminal in my opinion because a million dollars today is not that much money when you start adding up over-inflated land prices and equipment and all. Maybe someone can figure out what $1 million in 1867 dollars would be in today's dollars. This is what it would be if the law was kept true to what they agreed to in the first place.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 967689, member: 4362"] I believe we should have a death tax for the simple reason that without it some families would gobble up so much of the land and resources that the average person would not have a chance at owning property. In the late 1800's the exemption was a million dollars. This was a pile of money and you could buy about anything you wanted. Not adjusting this exemption for inflation is criminal in my opinion because a million dollars today is not that much money when you start adding up over-inflated land prices and equipment and all. Maybe someone can figure out what $1 million in 1867 dollars would be in today's dollars. This is what it would be if the law was kept true to what they agreed to in the first place. [/QUOTE]
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Proposed "death tax" may kill the family farm?
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