Comment by AuthAuth

Comment by AuthAuth 4 days ago

It is a real problem but its presented in a misleading way.

If you inherit a farm worth 1m and you have to pay estate taxes on that of 100k. You do not have to sell the farm, you can instead take out a mortgage to cover that 100k.

When we frame it that we its still very fair to the person inheriting the farm because who wouldnt want a $1m farm for 100k.

smw 4 days ago

Except you don't pay any estate tax unless your estate is larger than $15 mil

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AuthAuth 3 days ago

In American maybe thats the case. Im talking about situations where we are trying to implement an estate tax and the discussion is framed as basically forcing the receiver to sell the estate to pay the tax instead of presenting it accurately as taking a small loan to pay the tax.

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