PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: HPilot who wrote (700987)	9/9/2005 2:35:01 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

No, of course not. What I mean is that the vast majority of Americans are not impacted: As the good folks from OMB Watch point out, "An incredibly tiny number of family farms are actually impacted by the estate tax." A new report from the nonpartisan Congressional Budget Office found that "if the current exemption level of $1.5 million per individual ($3 million for a couple) were in effect in 2000, then only 300 family farms would have had to pay any estate taxes. The report further estimates the number of family farms impacted would have dropped to a mere 65 farms nationwide with an exemption of $3.5 million ($7 million per couple), the level the exemption will be in 2009."

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