Re:Just Be Rich (2021)
by Terr_ on Monday July 15, 2024 @04:22PM
(#40971171)
> The land is worth a lot but also has large notes on them.
Assuming you mean debts/mortgages, those already get subtracted from the valuation of the estate [0] which means the farmers you're worried about are even further away from having to worry about the Estate Tax.
> NOBODY would call them rich.
Again, I think that get some clear estimates and go through the math, you'll see that "think of the poor farmers" is a myth promoted by certain non-farmers, where both of us would call them rich.
Assuming you mean debts/mortgages, those already get subtracted from the valuation of the estate [0] which means the farmers you're worried about are even further away from having to worry about the Estate Tax.
> NOBODY would call them rich.
Again, I think that get some clear estimates and go through the math, you'll see that "think of the poor farmers" is a myth promoted by certain non-farmers, where both of us would call them rich.
[0] https://www.investopedia.com/terms/a/adjusted-gross-estate.a...