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**The Reaper** · 04-01-2009, 11:02

Upon the death of my mother, my brother and I are to inherit a small tobacco farm in an increasingly suburban county here in NC.

Over the years, we have seen many friends and relatives inherit similar properties, only to be forced to sell them when the tax bill came due. The farm is small, but is in an area eventually to be developed, and would carry a death tax burden in excess of $500,000. Obviously, we do not have that kind of money, so the usual result is a fire sale of a long-held family farm to developers for pennies on the dollar, and the heirs getting a small amount of money after generations of family blood, sweat, and tears. The government and the developers do very well.

Many friends have been driven to desperate measures by this, with some going bankrupt and a few committing suicide.

I am afraid for my children, if this is the route that we are taking.

Why work hard, save, and sacrifice, only to be taxed to death, and beyond?

Just do nothing, sit on our asses, and wait for the government check.

Big Brother will take care of us.

TR

04-01-2009, 11:02	#2
The Reaper Quiet Professional Join Date: Jan 2004 Location: Free Pineland Posts: 24,821	Upon the death of my mother, my brother and I are to inherit a small tobacco farm in an increasingly suburban county here in NC. Over the years, we have seen many friends and relatives inherit similar properties, only to be forced to sell them when the tax bill came due. The farm is small, but is in an area eventually to be developed, and would carry a death tax burden in excess of $500,000. Obviously, we do not have that kind of money, so the usual result is a fire sale of a long-held family farm to developers for pennies on the dollar, and the heirs getting a small amount of money after generations of family blood, sweat, and tears. The government and the developers do very well. Many friends have been driven to desperate measures by this, with some going bankrupt and a few committing suicide. I am afraid for my children, if this is the route that we are taking. Why work hard, save, and sacrifice, only to be taxed to death, and beyond? Just do nothing, sit on our asses, and wait for the government check. Big Brother will take care of us. TR __________________ "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - President Theodore Roosevelt, 1910 De Oppresso Liber 01/20/2025
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