It absolutely was a thing in the 1970’s. I saw neighbor’s farms destroyed by the inheritance tax. The law was changed, so now the inheritance tax kicks in at a

It absolutely was a thing in the 1970’s. I saw neighbor’s farms destroyed by the inheritance tax. The law was changed, so now the inheritance tax kicks in at a much higher level. Most farmers set up trusts now anyway. It wasn’t only farmers that got clobbered by the inheritance tax. The children of the local shoe store owner were in the same inheritance tax hell.