A farmer dies in April 2026.
His son inherits the farm. The farm has been in the family since 1847.
The farm consists of: 300 acres of grazing pasture, a farmhouse built in 1892, a barn, a milking parlour, two tractors of varying ages, a Land Rover that runs about 70% of the time, and a herd of 180 Hereford-cross cattle.
On paper, the farm is worth approximately £3.2 million. This is because land near him has been bought recently by a London hedge fund looking for carbon credits, which has dragged the comparable value of every field within forty miles upward to a number nobody local can justify.
In cash, the farm produces a profit of about £28,000 a year in a good year. In a bad year it loses money. The son also works as a fencing contractor three days a week to keep the operation viable.
The inheritance tax bill on a £3.2 million estate, even at the reduced 20% rate, comes to approximately £140,000 after the increased threshold is applied. The son does not have £140,000. The son has never had £140,000. The son has £4,200 in his current account and an overdraft.
The son sells 60 acres to a developer to pay the tax. The developer puts solar panels on the 60 acres. The remaining herd cannot be sustained on the reduced land. The herd is sold. The barn becomes a holiday let.
A different family eats Brazilian beef this Christmas without knowing why the price went up.
The Treasury collects £140,000.
The land never produces British food again.
Please explain because I'd really love to know how she was going to transform from a FAILED, do nothing VP for a physically and mentally declining President to a successlful President.
She couldn't even give straight answers and just laughed off things like a cartoon hyena.
An open border and funding illegals, as well as higher taxes would make a large majority of America like the worst of Oakland and Baltimore.
@SNap33@POTUSupporters Aside from the fact we live in a Constitutional Republic. When they say "threat to Democracy" they mean threat to Democrats in charge of everything doing the bidding of the imperial globalists and adhering to the managed decline of the middle and lower classes & pushing commie.
You don't have to believe me. I don't care. It's fact and I know a lot of folks don't like facts.
They say good comedians know how to read the room.
He didn't. He made a few jokes that didn't go over well and he kept harping on them.
There was a black guy and white woman in the audience. He directed a joke at them. The asked the guy how much she was charging him for the night.
The guy said. "Nothing, we're married x years with 3 kids.". Garrett didn't like that and kept going at them.
Then mocked Mexican couple. How many kids. Then talking with Mexican accent.
He just spent too much time with those 2 couples and he wasn't get laughs.
Both major political parties have contributed significantly to the "dumbing down" of America.
I'd say the democRATs are more responsible because they want a large government that keeps people dependent on it.
You see the shift in the democRATic party fom JFK to Clinton (did better when he moved center) to Obama/current.
JFK (maybe Clinton) would be considered a Republican based on current demoRATs push to socialism.
@KayeBridgee@mmpadellan@HunterBiden@retirenow59 Personally no but the US in general and it indirectly cost taxpayers through extensive government investigations.
The Obama administration knew Hunter Biden’s position was "problematic."
@KhanSaba1278 No chance! She failed as VP!
When given a choice DemocRATs disliked her with a passion 2020. She had to drop out in 2019.
Joe Biden didn’t even want her as his VP!
Even Jill Biden dislikes her!