brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
lets-retire said:Exactly. Where they once were able to fend for themselves and make a decent living, now they are forced to work for someone else. Farming traditionally does not make a lot of cash, all of the value is in the land. These people lost their farm, not because of market forces or poorly running their enterprise, but because the government forced them to pay estate taxes on the value of the land. As I said, I think the estate tax should not include the value of a family run business in the tax.
As far as the value of the property, it has little value as a house, due to being in the flight path of the local airport and being next to a major highway. As commercial property it has some value, but only to the Red Roof Inn or McDonald's, as a parking lot. The lot is too small to build any type of reasonable business on it.
So us employees should subsidize (via payroll, income and RE taxes) these marginally successful farmers who pay little in income or real estate taxes?