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| internet went down last night deleting my reply to you.
Markets go up, markets go down. Nobody is going to pay more when land appreciates a lot in two years and nobody gets a refund after two years if the price goes down.
simple example is stocks in an estate: many stocks go down after the date of valuation, but no refunds are issued.
My inflation reference is simply that when the land appreciates over 40 years, no income tax was paid on the appreciatation. when folks argue that it was already taxed it is a misleading statement for two reasons; one the person inheriting didn't pay anything and receives it; second, only a small portion of that present value was ever taxed. Typical bs political arguments.
as always, depends on the person's viewpoint: most farmers at this website want to inherit the family farm tax free so therefore they are against the estate tax - they cannot see beyond there own prejudice. | |
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Thoughts on all the talk/complaining about taxes/estate tax on here.
