Re: The end of small businesses, farms, and family homes.

The Death tax is set to rise. Obama wants it to be higher in % and lower the bar to a million dollars.

Let us see what this does to farmers: http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending

Now in trucking, something I know well.... 5 trucks and trailers is hardly a huge company. Especially if, like many of the smaller companies, a portion of it is family run (xyz and sons). Yet this company can pass $1,000,000 easily.

There are cities where the median price of a home can easily reach 700k. Add in a car, some antiques, what's left of retirement accounts, and this can pass a million easily.

The Death Tax is supposedly to affect the rich, but all to often it guts the people who scraped up their lives to get a modest life style which got rated higher.

When you are earning (profit) $10,000 to $15,000 a truck and it is a family affair then 5 trucks is not proof of a super rich business. It is a very modest business with a lot of wealth but not a lot of income. A family of 3 who scrape up for the dad's business and get 5 trucks should not be forced to sell 2 trucks upon his death to pay the death taxes.

If you are worried about billionaires passing wealth then make it that standard. Don't hurt a family like that farmer in the website.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: The end of small businesses, farms, and family homes.

You know, at this rate, our country would be better off if Prince Harry of the U.K. was declared our absolute monarch.

Re: The end of small businesses, farms, and family homes.

He wants to ban abortions...

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)