Comments :: Farmers say inheritance tax could force generations off land

Farmers say inheritance tax could force generations off land

Click here to return to the Story

19 Comments

WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

This story is closed for comments.

page 1 \| 2
<prev	next>

sort order: oldest first | newest first

Here's a fact for you. 34% Federal Tax 7% NC State Tax 6.75% Sales Tax NC and Wake County County Property Tax on all you own EVERY year Land,Houses,Cars,Boats,Trailers,Tractors,etc. Call it what you want but Inheritance Tax is not on my Children it is the last effort to get all they can out of me. The only people who believe in Inheritance Tax are the ones who didn't work for what they have or don't have anything.

cwmllc1952
December 31, 2012 3:08 p.m.

Report abuse

Owing land valued at over 5 million dollars is kinda rich. The state only collected 25 million in inheritance taxes so not many people even pay tax. If owning land worth 5 million is not rich--how much would you have to have to be "rich"?

superman
December 31, 2012 10:48 a.m.

Report abuse

Owning land does not mean you are rich.

Crew Dog E6
December 28, 2012 7:58 p.m.

Report abuse

Sell the land before you die,,, or give it to them,,, lots of ways around this,,, Jeezz --oleguy

Thats beside the point, you shouldn't have to go around anything to leave land/businesses whatever it is to keep the government from getting it. Heck, it's already been taxed at least 3 or 4 times.....

samdutes
December 28, 2012 7:55 p.m.

Report abuse

Rich people shouldn't be able to just leave a pile of cash to their brats and not have it taxed. Then the brats ride around like they don't need to work and act like THEY did something, when the only thing they did was get born. I'm cool with folks making as much money as they want to. Just don't think that you can shift the pile to your family without paying your share to our country that helped make you successful to begin with!

welfarequeen
December 28, 2012 7:52 p.m.

Report abuse

One thing they should do is make a corp. out of the farms. That way they'll get the republicans corp. welfare and keep the farm. If not, they'll play right into the hands of big farm Corp. ran by hedge funds that been wanting to get their hands on these farms for years.

Rebelyell55
December 28, 2012 7:50 p.m.

Report abuse

“It has the potential for taking many people who think they're going to farm, who are farming today – younger people – to wipe that generation of farmers off the farm,”

This is called, "democrats leveling the playing field"!!-paultaylorsr100

So they don't have inheritance taxes in 'red states?' Your know the ones where republicans have a majority and write tax code. But but but thats different ;)

WooHoo2You
December 28, 2012 7:38 p.m.

Report abuse

The death tax has a long history, but originally it was levied to fund a war, when the war was over, they dropped the tax. That was when a tax was indeed temporary and not counted as annual revenue to waste.

We've lost our way, we have huge budgets for things the government should NOT be funding and those programs continue to increase while they are like crack addicts looking for more revenue instead of cutting excess programs and costs out of the budget.

We're upside down.