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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jun 12, 1985
Page
5
Basil Holder outlines how closely held family farms can reduce taxes by using Section 303 redemptions to exchange stock for death taxes. He details eligibility, estate value tests, funding via life insurance, and the effect on ownership, with cautions about other estate strategies and practical steps for implementation.
Tax experts say the Reagan overhaul favors the wealthy and offers less simplification than claimed. Former Treasury officials warn 40 percent of families may face tax increases or no change while those earning over 200000 stand to gain. Critics say the plan would shift the burden to high tax states and threaten government funding.
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