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Source: Ron Swoboda, WALLACES FARMER, 1/18/17
A tax plan being considered in the U.S. House of Representatives seeks to do away with the federal estate tax levied on transfers of wealth when a person dies. Supporters of abolishing the tax, mostly Republicans, say it forces the children of recently deceased farmers to sell the family’s land to pay the tax. But Democrats and some tax experts say that claim doesn’t stand up. For more of this story, click here.
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