Farmers could stand to lose as much as any segment of the economy if political leaders don’t avert the fast-approaching “fiscal cliff.” The impact on farmers of potential changes to the estate tax is “extremely dramatic,” compared with other fiscal cliff effects, which include income and payroll tax rate increases, said Dave Miller, director of [...]

By John Morris — Despite being a lifelong Republican and the richest man in the world in his day, Andrew Carnegie (1835-1919) was an advocate for the steepest possible estate (inheritance) taxes on the wealthy. He assailed those who left “great fortunes to their children. If this is done from affection, is it not misguided [...]