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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (595959)12/20/2010 11:12:56 AM
From: Wharf Rat  Read Replies (2) of 1575023
 
Media Matters Says No, Which Means No. What part of No don't you understand?
Show us evidence that it has. Names and dates.

CBO: Estate tax doesn't harm family farms
Few Wealthy Farmers Owe Estate Taxes, Report Says - New York Times:

All but 27 farmers left enough liquid assets to pay taxes owed, the budget office found, although it hinted that the actual number might be zero. The study examined how much in cash, stocks and bonds these farmers left to pay estate taxes, but the report noted that no data existed on how much life insurance the farmers had put into trusts. Virtually all wealthy farmers own life insurance in trusts, say estate tax lawyers who specialize in working with farmers.
President Bush, the American Farm Bureau Federation and the National Cattlemen's Beef Association have asserted that the estate tax is destroying family farms. None, however, have cited a case of a farm lost to estate taxes, although in June 2001 Mr. Bush said he had talked to such farmers.

jgrr.blogspot.com
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