Re:A candy man revolutionized the sushi industry
by hn_throwaway_99 on Thursday August 31, 2017 @10:25PM
(#15145669)
Do you have a citation for that article, because I'm extremely sceptical estate tax is the main reason.
You have to basically be very wealthy to pay the estate tax. Only one in 700 estates pay federal estate taxes today, and while the top rate is 40%, the average rate paid is 17% (https://americansfortaxfairness.org/tax-fairness-briefing-bo... ). Currently, a married couple needs to have an estate over $11 million before that pay any estate tax. I always thought liberals had very poor marketing with the estate tax: conservatives were very successful framing it as the "death tax" (a lot of people thought everyone had to pay it), while I always thought it should have been called the "aristocracy prevention tax".
It's seems much more likely that smaller family farms wanted to cash out and move to the city because farming is pretty grueling work, a similar reason for urbanization all over the world.
You have to basically be very wealthy to pay the estate tax. Only one in 700 estates pay federal estate taxes today, and while the top rate is 40%, the average rate paid is 17% (https://americansfortaxfairness.org/tax-fairness-briefing-bo... ). Currently, a married couple needs to have an estate over $11 million before that pay any estate tax. I always thought liberals had very poor marketing with the estate tax: conservatives were very successful framing it as the "death tax" (a lot of people thought everyone had to pay it), while I always thought it should have been called the "aristocracy prevention tax".
It's seems much more likely that smaller family farms wanted to cash out and move to the city because farming is pretty grueling work, a similar reason for urbanization all over the world.