Antibiotic Use and Estate Tax Legislation

Visit Kansas Farm Bureau’s CapWiz page to take action on antibiotic use and estate tax.

The proposed antibiotic bill would remove important antibiotics and classes of antibiotics from the market, handicapping veterinarians and livestock producers in their efforts to maintain animal health and protect our nation’s food supply.

Congress will soon debate whether to keep the estate tax exemption at $3.5 million a person and the top rate at 45 percent. Farm Bureau needs your signature on it’s petition to demonstrate to Congress that estate taxes need to be eliminated.

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2 Comments

Filed under Antibiotic Use, legislation, Take Action, Taxes

2 responses to “Antibiotic Use and Estate Tax Legislation

  1. “Congress will soon debate whether to keep the estate tax exemption at $3.5 million a person and the top rate at 45 percent. ”

    Can you explain more?

  2. The Estate Tax, also known as the death tax, requires heirs of an estate worth more than $3.5 million — if owned by an individual — and $7 million, if owned by a couple, to pay a tax on up to 45 percent of the estate’s appraised value over the exemption. This is a huge problem for farmers and ranchers wanting to pass their land, livestock and machinery on to their children because these assets are often worth more than the $3.5 million threshold, however the family seldom has the cash to pay the tax. This forces the family to sell all or part of the farm. This is an especially difficult problem for the agriculture industry due to the asset rich but cash poor nature of the business.

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