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Non-Cattle Specific Topics
Coffee Shop
Proposed "death tax" may kill the family farm?
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<blockquote data-quote="Anonymous" data-source="post: 968267"><p>If the corporation owns it, how can they death tax it?</p><p>Lets say I have 2.5m in assets. Mainly land holdings. If I quit claim those holdings to a corporation that I start, the corp now own those holdings. Not me. If I die in 1 year or 20, it can't be death taxes because its not mine. It's the corporations holdings. I've got to be missing a key component to this thought.</p></blockquote><p></p>
[QUOTE="Anonymous, post: 968267"] If the corporation owns it, how can they death tax it? Lets say I have 2.5m in assets. Mainly land holdings. If I quit claim those holdings to a corporation that I start, the corp now own those holdings. Not me. If I die in 1 year or 20, it can't be death taxes because its not mine. It's the corporations holdings. I've got to be missing a key component to this thought. [/QUOTE]
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Proposed "death tax" may kill the family farm?
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