‘Death Tax’ Talking Point Won’t Die

[ Originally published on this site as post ]

In calling for the repeal of the estate tax, President Donald Trump repeated a popular myth that a farmer’s heirs often have to “sell the farm” in order to pay the tax. In fact, less than 1 percent of the heirs of farm owners are expected to have to pay any estate tax.

A professor who has been studying the issue for decades told us he has never come across a single farm or ranch that had to be sold in order to pay the tax.

Speaking about his tax proposal at the Indiana Farm Bureau Building, Trump painted a picture of small businesses and farmers “in particular” whose businesses are lost to “the crushing, the horrible, the unfair estate tax,