526,421 Family Farms Threatened By New Death Tax On Jan. 1

What should estate tax levels be?

New legislation that jumps the death tax to 55% of estates exceeding $1 million threatens 526,421 family farms, or about 25% of all farms in America, according to an analysis conducted by the Senate Republican Policy Committee. You can read more here. [2]

And be sure to vote in our online poll at beefmagazine.com. This week's poll asks the question: "What should the estate tax level be?" Of more than 225 responses, the vast majority (73%) favor killing the tax, while 19% favor a $5-million individual exemption and 35% tax rate. Another 5% prefer a $3.5-million exemption and 45% rate, indexed to inflation; and 2% favor a $1-million individual exemption and 55% tax rate.You can read all the comments to the question here. [3]