1. Death Taxes: Punishing Farmers For Dying
... ."" Kansans today pay state and federal income taxes on every dollar they earn. They pay sales tax on everything they buy or sell. Property is taxed every year, regardless of whether it produces income. If you happen to sell property for more than you paid for it, you are taxed on the gain. It is a wonder anyone has anything left at the ... . The Death Tax must be paid in full within nine months and is payable in cash. As mentioned earlier, most farm assets are not in a liquidable form. Once a farm owner passes away; someone must be found to take over the farming responsibilities, and in ...
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- Grade Level: High School