Ranchers, farmers brace for 'death ta...

Ranchers, farmers brace for 'death tax' impact

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“Facts”

Since: May 08

Location hidden

#1 Nov 17, 2012
This is who the moronic liberals want to raise taxes on.......
The sad part is that these folks will be caught in the middle.

The truly rich will just raise prices on everything to cover this tax but the working people will pay thru the nose.....

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."
And with that tax set to soar at the beginning of 2013 without some kind of intervention from Congress, farmers and ranchers like Kester are waiting anxiously.
"There is no way financially my kids can pay what the IRS is going to demand from them nine months after death and keep this ranch intact for their generation and future generations," said Kester, of the Bear Valley Ranch in Central California.

www.foxnews.com/politics/2012/11/16/ranchers-...
words

Niagara Falls, Canada

#2 Nov 18, 2012
In an attempt to protect wealthy Americans from increased taxation, Fox erroneously reported the estate tax will affect a large number of small farms and businesses. In reality, President Obama's plan to increase the estate tax would only marginally increase the number of small farms and businesses subject to taxation, and those affected would experience low effective tax rates.

On Fox & Friends, reporter William La Jeunesse ran a segment highlighting California rancher Kevin Kester and his take on potential increases in the estate tax. Throughout the segment, La Jeunesse continually, and erroneously, referred to the estate tax as the "death tax," accompanied by the following chyron:

From the November 16 edition of Fox & Friends:

Of course, the entire purpose of the segment is to create the appearance that the estate tax, which is intended to be a tax on the very wealthy, falls on a large number of small farms and businesses. However, this is simply not the case.

The report highlights that President Obama plans to alter current estate tax policy, lowering the maximum exemption from $5 million to $3.5 million and imposing a 45 percent rate on estate values exceeding that amount. This proposal is simply a reversion to 2009 estate tax exemptions and rates.

According to an analysis by the Center on Budget and Policy Priorities using Tax Policy Center data, "only 40 small business and farm estates nationwide will owe any estate tax in 2012." CBPP previously estimated the change in the number of small farm and business estates affected by a reversion to 2009 policy:

Despite rhetoric from estate-tax opponents portraying small businesses and farms as being severely burdened by the estate tax, only 60 small farm and business estates in the entire country would owe any estate tax next year under the 2009 rules, TPC estimates.[Center on Budget and Policy Priorities, 7/24/2012, emphasis original]

In short, only 20 new small farm and business estates would be affected by President Obama's proposal. The same report notes the effective tax rate is far lower than the headline 45 percent rate due to "special provisions targeted to farm and business estates." Taking such provisions into account yields an estimated effective tax rate of 11.6 percent, which is lower than the current capital gains rate.

Attempting to characterize taxes on the wealthy as affecting a large number of Americans is not new for Fox, which has taken particular care to push those misleading claims in light of current federal budget negotiations.

“Facts”

Since: May 08

Location hidden

#3 Nov 18, 2012
words wrote:
In an attempt to protect wealthy Americans from increased taxation, Fox erroneously reported the estate tax will affect a large number of small farms and businesses. In reality, President Obama's plan to increase the estate tax would only marginally increase the number of small farms and businesses subject to taxation, and those affected would experience low effective tax rates.

On Fox & Friends, reporter William La Jeunesse ran a segment highlighting California rancher Kevin Kester and his take on potential increases in the estate tax. Throughout the segment, La Jeunesse continually, and erroneously, referred to the estate tax as the "death tax," accompanied by the following chyron:

From the November 16 edition of Fox & Friends:

Of course, the entire purpose of the segment is to create the appearance that the estate tax, which is intended to be a tax on the very wealthy, falls on a large number of small farms and businesses. However, this is simply not the case.

The report highlights that President Obama plans to alter current estate tax policy, lowering the maximum exemption from $5 million to $3.5 million and imposing a 45 percent rate on estate values exceeding that amount. This proposal is simply a reversion to 2009 estate tax exemptions and rates.

According to an analysis by the Center on Budget and Policy Priorities using Tax Policy Center data, "only 40 small business and farm estates nationwide will owe any estate tax in 2012." CBPP previously estimated the change in the number of small farm and business estates affected by a reversion to 2009 policy:

Despite rhetoric from estate-tax opponents portraying small businesses and farms as being severely burdened by the estate tax, only 60 small farm and business estates in the entire country would owe any estate tax next year under the 2009 rules, TPC estimates.[Center on Budget and Policy Priorities, 7/24/2012, emphasis original]

In short, only 20 new small farm and business estates would be affected by President Obama's proposal. The same report notes the effective tax rate is far lower than the headline 45 percent rate due to "special provisions targeted to farm and business estates." Taking such provisions into account yields an estimated effective tax rate of 11.6 percent, which is lower than the current capital gains rate.

Attempting to characterize taxes on the wealthy as affecting a large number of Americans is not new for Fox, which has taken particular care to push those misleading claims in light of current federal budget negotiations.
Instead of leaving cash for my family I invested the cash in a small vineyard outside of Santa Rosa Ca

I built a beautiful house with a lake.
Planted 50 acres of grapes over a 20 year period

There is no way my family would be able to keep that property when I die so it was sold and the money put into a smaller house in the USA and a much larger house here and that was at the old death tax rates

The death tax will just encourage people to invest outside of the USA just like Gates, the Walton's, Jobs and most other rich people have done

But liberals are not smart enough to understand this
Regulate MexiTroll One

United States

#4 Nov 18, 2012
Here Is One wrote:
<quoted text>
Instead of leaving cash for my family I invested the cash in a small vineyard outside of Santa Rosa Ca
I built a beautiful house with a lake.
Planted 50 acres of grapes over a 20 year period
There is no way my family would be able to keep that property when I die so it was sold and the money put into a smaller house in the USA and a much larger house here and that was at the old death tax rates
The death tax will just encourage people to invest outside of the USA just like Gates, the Walton's, Jobs and most other rich people have done
But liberals are not smart enough to understand this
Ahahahahahahaha LIAR!
NoOne belives a WORD YOU SAY MexiTroll!
You don't even know what a T-Bill is and how it effects the Mortgage Rates!
God you are a PATHETIC PYSCHOTIC Little Boy!
Perhaps it is a result of yo mommas using you as a PINATA. Or a result of your Willits High School METH USE and alcoholism!

Either way DREAM ON MexiTrollCreep LIAR!

THANKS for Self Deporting!

REMEMBER; "We Don't know you! We don't even know your name"!!! Ahahahahaha except we do know you and your name is SHEEPLE! Bahhh

“Facts”

Since: May 08

Location hidden

#5 Nov 18, 2012
Thanks again for bumping up my thread
Here is One

United States

#6 Nov 18, 2012
Here Is One wrote:
Thanks again for bumping up my thread
Thanks for letting all those Dock Worker BUMP YOUR EuroTrashSlutWhoreWife! My 30% is adding more acerage to my 500 acre Vinyard in Santa Rosa!

You still have not responded to our offer to set your TRAMP EuroSlutWife up with the NAACP Convention. You are not a RACIST are you native American One?

By the way, Drag your 30years DEAD parents out of that Mexican Retirement home and get them some sun. They look really PALE!

Oh god your LIES are funny!
Here is One

United States

#7 Nov 18, 2012
Oh sorry, How rude of me; Thanks for Self Deporting MexiTrollOne. The enitre country is GRATEFUL!

“Facts”

Since: May 08

Location hidden

#8 Nov 18, 2012
Here is One wrote:
<quoted text>Thanks for letting all those Dock Worker BUMP YOUR EuroTrashSlutWhoreWife! My 30% is adding more acerage to my 500 acre Vinyard in Santa Rosa!

You still have not responded to our offer to set your TRAMP EuroSlutWife up with the NAACP Convention. You are not a RACIST are you native American One?

By the way, Drag your 30years DEAD parents out of that Mexican Retirement home and get them some sun. They look really PALE!

Oh god your LIES are funny!
Thanks against freind
Here is One

Amity, OR

#9 Nov 18, 2012
Here Is One wrote:
<quoted text>
Thanks against freind
Ahahahaha, your welcome "AGAINST" Friend!

Oh, and thanks again for self deporting MORON!

“Facts”

Since: May 08

Location hidden

#10 Nov 18, 2012
Here is One wrote:
<quoted text>Ahahahaha, your welcome "AGAINST" Friend!

Oh, and thanks again for self deporting MORON!
Why were you too scared to show up again for lunch????

You missed a nice afternoon at the CIA

But you also missed my trip before at the top of the mark
Here is One

Amity, OR

#11 Nov 18, 2012
Here Is One wrote:
<quoted text>
Why were you too scared to show up again for lunch????
You missed a nice afternoon at the CIA
But you also missed my trip before at the top of the mark
Yeah, sorry MexiTroll I was at a NSC meeting at the White House. Your name came up as a DOMESTIC TERRORIST THREAT. Hmmm Now who woulda thought a NICE PATRIOT like you would be classified that way?

By the way, your FAUX Diplomatic Passport has been Reported to the PROPER AUTHORITIES! Ahahahahaha how about LINCH BUTTHEAD? In the USA of course. As you know you can have a Baloney or Peanut butter Sandwich in the Mendo Co Jail for lunch. I'll have my lunch catered! Let's talk when you get arrested trying to enter the country.

The only trips you take are on LSD! Of course those Trips into Meth Psychosis you take regularly are interesting.

And, Thanks for Self Deporting Litle Boy. We Real Americans ALL are GRATEFULL

“Facts”

Since: May 08

Location hidden

#12 Nov 18, 2012
Here is One wrote:
<quoted text>Yeah, sorry MexiTroll I was at a NSC meeting at the White House. Your name came up as a DOMESTIC TERRORIST THREAT. Hmmm Now who woulda thought a NICE PATRIOT like you would be classified that way?

By the way, your FAUX Diplomatic Passport has been Reported to the PROPER AUTHORITIES! Ahahahahaha how about LINCH BUTTHEAD? In the USA of course. As you know you can have a Baloney or Peanut butter Sandwich in the Mendo Co Jail for lunch. I'll have my lunch catered! Let's talk when you get arrested trying to enter the country.

The only trips you take are on LSD! Of course those Trips into Meth Psychosis you take regularly are interesting.

And, Thanks for Self Deporting Litle Boy. We Real Americans ALL are GRATEFULL
Thanks again.........LOL
Here is One

United States

#13 Nov 18, 2012
Let's do lunch?
words

Niagara Falls, Canada

#14 Nov 18, 2012
Here Is One wrote:
<quoted text>
Instead of leaving cash for my family I invested the cash in a small vineyard outside of Santa Rosa Ca
I built a beautiful house with a lake.
Planted 50 acres of grapes over a 20 year period
There is no way my family would be able to keep that property when I die so it was sold and the money put into a smaller house in the USA and a much larger house here and that was at the old death tax rates
The death tax will just encourage people to invest outside of the USA just like Gates, the Walton's, Jobs and most other rich people have done
But liberals are not smart enough to understand this
so you're one of the 20 people out of 300,000,000? lol sure thing

either way, it's called estate planning..look it up

“Facts”

Since: May 08

Location hidden

#15 Nov 18, 2012
words wrote:
<quoted text>so you're one of the 20 people out of 300,000,000? lol sure thing

either way, it's called estate planning..look it up
Yes get your money out of the USA and put it where the return is higher, the risk is lower and the taxes are fraction of the USA

Now that is real estate planing

“Facts”

Since: May 08

Location hidden

#16 Nov 18, 2012
Here is One wrote:
Let's do lunch?
Any time you are in town

You missed the last dozen times I was up there
GRANDPA NICOLAI

Chico, CA

#17 Nov 18, 2012
Here Is One wrote:
<quoted text>
Yes get your money out of the USA and put it where the return is higher, the risk is lower and the taxes are fraction of the USA
Now that is real estate planing
>
>
And when El Gran Presidente de la Nacion nationalizes your accounts you come back running and crying to your uncle Sam...ROTFLMAO

“Facts”

Since: May 08

Location hidden

#18 Nov 18, 2012
GRANDPA NICOLAI wrote:
<quoted text>>
>
And when El Gran Presidente de la Nacion nationalizes your accounts you come back running and crying to your uncle Sam...ROTFLMAO
I see you are even dumber than ever.......LOL

Tell us how the Mexican government can touch a USA, Canadian, Hong Kong or European bank??
GRANDPA NICOLAI

Chico, CA

#19 Nov 19, 2012
Here Is One wrote:
<quoted text>
I see you are even dumber than ever.......LOL
Tell us how the Mexican government can touch a USA, Canadian, Hong Kong or European bank??
>
>
http://www.businessdictionary.com/definition/...

“Facts”

Since: May 08

Location hidden

#20 Nov 19, 2012
GRANDPA NICOLAI wrote:
Yes I see once again you show us how little you know about investing......

Do you really think you know more about investing then people like Buffett, Gates, Jobs, and thousands of US corporations that are investing outside of the USA??

Get a grip grumpy
You are showing us how stupid you are

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