“My niece and nephews will have to pay a hefty inheritance tax upon receipt of the land I leave them. This could result in the forced sale of a portion of this century farm.”
“My twin brother and I inherited equal portions of our parents’ farm, which has been in the family since my great grandparents emigrated from the Netherlands and settled in Iowa.
My brother has been farming this land for over 40 years, and he intends to leave his portion of the land to his children, who also help on the farm. I don’t have any children and will leave what I own of the family farm to my brother’s kids as well.
My niece and nephews won’t have to pay any taxes on the portion of the land they receive from their father, but they will have to pay a hefty inheritance tax upon receipt of the land I leave them. This could result in the forced sale of a portion of this century farm.
Discrimination is when one is treated differently and worse than someone else for certain reasons. Because I am without children, Iowa directly discriminates against me compared to those who have children.
This is contrary to Iowa’s claim of supporting family farms and wanting to help young farmers.
Iowa is one of only six states that impose an inheritance tax. Legislators need to eliminate the inheritance death tax. ”
Audrey, Polk City
Inheritance Tax Posts