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    Ranchers, farmers brace for 'death tax' impact

    Carol
    Carol
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    Ranchers, farmers brace for 'death tax' impact Empty Ranchers, farmers brace for 'death tax' impact

    Post  Carol on Sat Nov 17, 2012 5:12 pm

    Rancher Kevin Kester works dawn to dusk, drives a 12-year-old pick-up truck and earns less than a typical bureaucrat in Washington D.C., yet the federal government considers him rich enough to pay the estate tax -- also known as the "death tax." Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.

    Read more: http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending#ixzz2CWa6bLRi


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    With deepest respect ~ Aloha & Mahalo, Carol

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