In Favor of the Estate Tax

ARGUMENT 1 The Estate Tax will cause rural America to have to sell the family farm in order to pay it.

This cannot be supported through actual documented evidence. In 1998 in rural Iowa, an Iowa State University estate tax expert studied farm real estate involved in taxable estates (a total of 642). The tax on those farm estates amounted to one-half of the gross estate value or 1.35% of actual estate tax payers. The Census Bureau is able to report that only one in 20 family farms will ever reach a wealth structure high enough to pay the estate tax. In most of those cases, with estate planning, most of that 5% could actually pass on their farms to children WITHOUT paying the tax.

ARGUMENT 2 The Estate Tax will Repeal will not affect any but the rich.

The Estate Tax Repeal has immediate and long-ran

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Approximate Word count = 831
Approximate Pages = 3 (250 words per page)

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