Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (42) |
Author: elann ✹🐝 GOLD
SHREWD   😊 😞
Number: of 15053 
Subject: Re: China fires across the bow
Date: 04/17/2025 10:06 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 28
If there is a tax on farmland at death and the land has significantly appreciated, then a portion of the farm, equipment and buildings may have to be sold to pay the tax. I think this would have a tendency to ruin the business.


I'm not sure why you singled out farmland, as this is true about any illiquid asset. Kid inherits a $100 million Picasso or a $50 million mansion or the family's ownership of 5 local pizza shops and is forced to sell to pay the tax? I don't know, I'm not feeling particularly sympathetic.

Consider that the estate tax exemption is $14M, and $28M for a couple that does some rudimentary estate planning. The value of Iowa farmland is ballpark $10K per acre. So roughly speaking, any family farm of less than roughly 2000 acres would be exempt from estate tax, and a larger farm would pay tax only on the excess acreage. I join you in not feeling particularly sympathetic.

Elan
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (42) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds