He was an heir as a result of death and had to sell half of the farmland to come up with enough money to pay the estate tax. There was no feasible way that our farming children could pay the estate taxes that would be due and have the ability to continue to farm. The estate tax/death tax demised their family farming company.
Location: Ukiah, CA
Business: Larho Ruddick Ranch
Permission for use is granted, however, credit must be made to the California Farm Bureau Federation when reprinting this item.
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Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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