Responding to a reader’s comment below …
Oh, I love a good challenge! But, frankly I wish that I couldn’t document businesses, farmers and ranchers who have had to sell off to pay the tax. Unfortunately, I can. So,here goes:
These three come from a National Association of Manufacturers document, “Death Tax Chronicle.”
The challenge was to document one case of someone selling a truck or machinery — broadly defined, property — because of the death tax. Just for good measure here’s a list of other family-owned businesses, farmers and ranchers who have either sold off to pay the tax or are in jeopardy of losing their business: Richard and Lisa Hefner, owners and operators of Canadian Valley Ranch in Oklahoma; Mellano & Company in San Diego, CA; Janet Green, owner of Greens Printers, Inc., in Long Beach, CA; the Rhea family Cattle Company in Arlington, NE; Keystone Wood Specialties in Lancaster, PA; Mt. Pulaski Products, Inc. in Mt. Pulaski, IL; Electric Equipment and Engineering Co, in Denver, CO; Bear Valley Ranch in Parkfield, CA, Jerith Manufacturing Co., Inc, Philadelphia, PA; Hamilton Caster and Manufacturing Co., Hamilton, OH.
Want more? I’ve got more. But I think you get the idea.
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