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Joined: Dec 2013
Posts: 14,857 Likes: 15
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Dec 2013
Posts: 14,857 Likes: 15 |
Biden’s tax plan includes not only a removal of the step up in basis but an immediate tax due on unrealized capital gains assessed on the transfer. So, whether you sell the farm or not, you’ll owe the tax on the increase in value from the day it was purchased to the day you inherit. So, of course, the only way for most people to pay it will be to sell.
Obviously, the little guy will take it up the ass. Corporations, the ultra rich, and of course Chinese investors will soon own all the land.
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Joined: Sep 2006
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Campfire Ranger
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Campfire Ranger
Joined: Sep 2006
Posts: 23,675 Likes: 4 |
And then farming will stop.
MM
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Joined: Oct 2004
Posts: 50,170 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2004
Posts: 50,170 Likes: 2 |
The only thing worse than a liberal is a liberal that thinks they're a conservative.
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Joined: Dec 2013
Posts: 14,857 Likes: 15
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Dec 2013
Posts: 14,857 Likes: 15 |
And then farming will stop.
MM No, it won’t. The owners will be in China or Silicon Valley and farmers will all be hired hands.
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Joined: Jun 2020
Posts: 9,450
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 9,450 |
So he's working with the piece of trash bill gates of hell . That's why....gates is taking over the food supply ...the SOB! Son of Belial I knew there was going to be more schemes to come. Now I'm too mad to sleep!
When you have some verbage this week, could you post it? I.hope your news source made a mistake.
Last edited by Happy_Camper; 02/24/21.
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Joined: Jul 2001
Posts: 10,913 Likes: 8
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2001
Posts: 10,913 Likes: 8 |
And that is what paddler and suck ass and cowboy Tim voted for, the downfall of decent folks and America.
"The 375HH is the greatest level of power you can get for the investment in recoil." (JJHack) 79s and losttrail, biggest waste of air.
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Joined: Mar 2009
Posts: 4,428 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Mar 2009
Posts: 4,428 Likes: 2 |
~Molɔ̀ːn Labé Skýla~ As Bob Hagel would say"You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong."Good words of wisdom...............
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Joined: Jun 2020
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 9,450 |
Last edited by Happy_Camper; 02/25/21.
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Joined: May 2016
Posts: 61,009 Likes: 71
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 61,009 Likes: 71 |
Fugg it.
No one gives a schit about farmers anyway.
Send them checks boys. You can finally get what you want.
Cheaper food....and no American making a dollar.
Well done.
I am MAGA.
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Joined: Jan 2006
Posts: 19,828 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jan 2006
Posts: 19,828 Likes: 2 |
Transfer and "equalization" of wealth. The citizens will all be poor together and the politburo elite will own everything.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Joined: Oct 2004
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Campfire Tracker
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Campfire Tracker
Joined: Oct 2004
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Democrats: stupid fzcking idiots I hate ‘em all even a couple family members I hate them just the same. They know it too. You any kin to JoJo the Dogfaced boy?
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Joined: Aug 2012
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Campfire Tracker
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Campfire Tracker
Joined: Aug 2012
Posts: 5,530 Likes: 2 |
Dont worry the environmentalists will be along to offer the ranchers and farmers heirs a conservation easement on their land instead of paying the tax or having to fire sale half the land to pay the tax. Their way of controlling your land without really paying for it.
Life can be rough on us dreamers.
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Joined: Nov 2013
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Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 29,026 Likes: 28 |
Hey, I’m sure it’s “for the children”, like everything else they do.
What fresh Hell is this?
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Posts: 132,072 Likes: 65
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 132,072 Likes: 65 |
It's as if a group of people who've spent a great deal of time figuring out the best way to destroy our nation have now been given power over everything in our nation.
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Joined: Jan 2004
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Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2004
Posts: 10,339 Likes: 4 |
Black Cows Matter!
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Joined: Jun 2001
Posts: 10,834 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2001
Posts: 10,834 Likes: 2 |
Biden’s tax plan includes not only a removal of the step up in basis but an immediate tax due on unrealized capital gains assessed on the transfer. So, whether you sell the farm or not, you’ll owe the tax on the increase in value from the day it was purchased to the day you inherit. So, of course, the only way for most people to pay it will be to sell.
Obviously, the little guy will take it up the ass. Corporations, the ultra rich, and of course Chinese investors will soon own all the land. Dont pay the tax! Fight
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Joined: Aug 2005
Posts: 26,337
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 26,337 |
if this occurred, it'd be from the time of the edict forward, right? behooves one to get everything into their kids names as fast as possible?
like guns, if there's a new law, hopefully it'd only effect the next generation if we've already done our due diligence?
oh, they will have their reasons if they decide implement such a maneuver. how can we counter?
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Joined: Apr 2011
Posts: 152,632 Likes: 52
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 152,632 Likes: 52 |
It's as if a group of people who've spent a great deal of time figuring out the best way to destroy our nation have now been given power over everything in our nation. Exactly, let fox in the hen house
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Joined: Aug 2005
Posts: 26,337
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 26,337 |
It's as if a group of people who've spent a great deal of time figuring out the best way to destroy our nation have now been given power over everything in our nation. if the great American growth engine is stalling (ain't sayin' it is), then they are looking at turning over every rock searching for assets to tax to keep the elite's wealth intact. this is a serious moment when the dems are concerned about the russians while co-habiting with the chinese to clean our clocks. if the chinese are in the ascendancy they are looking for allies to help them extend their empire. they're already buying up africa. america's farmland can produce food for them. why allow the farmers to profit?
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Joined: Jan 2013
Posts: 8,354 Likes: 7
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2013
Posts: 8,354 Likes: 7 |
Where have I read about about someone trying to control the food supply?
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