the inheritance tax, is taxing monies that were never taxed.... how many times does this have to be posted before it sinks in to those supporting the elimination of such?
Would like to say how my parents accumulated over a million dollars from non-taxed dollars? Not true Care. They went through their money, not in the ways they would have chosen. It took them 60 years to save it, from EARNINGS for the vast majority. They weren't 'invested' other than in CD's they bought with EARNED income-which had been taxed.
What about the family of a small/med farmer, whose assets may well exceed 4 million, but whose income was always much lower than that? Too bad for them?
You obviously know little about farming. I grew up on a small farm. 200 acres originally purchased for $40,000 in 1957. And that price was high because it was on Orcas Island with 1500 ft of beach. Point is is that a small farm is typically way under a million in assets even today.
This "small farm" thing has been around since forever as an argument against an inheritance tax. But I challenge anyone to show that any small farm ever had to be sold because of the estate tax. I've searched for such an actual case and never found one.