Obama targets land owners

http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending

"There is no way financially my kids can pay what the IRS is going to demand from them nine months after death and keep this ranch intact for their generation and future generations," said Kester, of the Bear Valley Ranch in Central California.
Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.
"We're not millionaires in the terms of making a million dollars a year," said Kester who lives in a modest home and whose family -- not outsiders or a corporation -- runs his ranch. "I have a half-a-million dollars in soil."
Kester can't spend it, without selling land. But by selling the land, each year the ranch would become less viable.
Ironically, many nations historically more concerned with class and wealth -- namely Russia and China -- have since abandoned their estate taxes.

Why are we paying the government, over and over again for something we own? If even the communists have realized it's a bad idea shouldn't Obama and his minions be able to figure it out? Guess what, he has! Pay attention, these are not isolated events. All of Obama's policies have the same effect.

can pay what the IRS is going to demand from them nine months after death and keep this ranch intact for their generation and future generations," said Kester, of the Bear Valley Ranch in Central California.
Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.


Read more: http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending#ixzz2CZMRDPVS

"There is no way financially my kids can pay what the IRS is going to demand from them nine months after death and keep this ranch intact for their generation and future generations," said Kester, of the Bear Valley Ranch in Central California.
Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.


Read more: http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/?intcmp=trending#ixzz2CZMRDPVS