Correct. This is the reason we've lost so many family farms and businesses over the years. Anyone who's estate is tied up in property or equipment ends up having to sell it to pay the death tax. It was all written about in Das Kapitol.
“Correct. This is the reason we’ve lost so many family farms and businesses over the years. Anyone who’s estate is tied up in property or equipment ends up having to sell it to pay the death tax. It was all written about in Das Kapitol. “
I oppose estate taxes in principle, don’t misunderstand, but, presumably they are sold to other private owners? In other words, the government doesn’t get the stuff.