Posted by rrlund on February 12, 2016 at 12:58:05 from (162.250.24.64):
Not that I've ever inherited anything or that I ever will,just curious. Let's say that the first million of an estate is exempt and that the estate tax on anything over that is 50%. Now let's say somebody inherits a farm estate worth 2 million. Now let's say that the farmer who died had $500,000 in debt using various things in the estate for collateral. Would the person who inherited the estate pay 50% on the entire second million in value or on half a million? The second million,minus the debt.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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