Jack King Quotes on Change (3 Quotes)

Since the federal individual income tax imposes the largest tax burden on the broadest group of farmers and the federal estate tax can affect the ability to transfer the farm operation to the next generation, these changes are of considerable importance to the farm community.

It's said that timing is everything. This was the right time for us to make a change. We're not going away by any means, just moving down the road a bit. Come see us at Crown Motors. And we do want to wish Robert Peltier the best.

This has reduced the number of estates required to pay tax and the amount of taxes owed. But, despite these changes, appreciating land values and increasing farm size mean a larger share of farm estates are subject to the federal estate tax.