Jonathan Cook wrote:
Larry wrote:


It is my belief that limits should exist on how much can be passed on


In general I agree, but in practice this becomes difficult
sometimes. I am adamantly opposed to families forced to sell
or break up a family ranch just to pay inheritance or property
taxes.

The notion that the estate tax forces the breakup of family farms is a myth:

According to the IRS, of the 2.3 million people who died in 1998, only
642 left farm assets equal to at least half the total estate. In 2001,
the New York Times reported that the pro-repeal American Farm Bureau
Foundation could not cite a single case of a family farm lost due to the
estate tax.

Many of the wealthiest "farmers" aren’t really farmers at all.
A significant number of the “farmers” who would benefit from estate tax
repeal are actually city-dwellers who own a ranch or horse farm as a
vacation getaway.

from http://www.faireconomy.org/estatetax/ETFarms.html

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