Donald Trump’s pants are on fire when he talks about the estate tax, according to Politifact.
How about small businesses and farms? The center projected that only about 80 small farms and closely held businesses would pay any estate tax in 2017. That would amount to about 1 percent of all payers of the estate tax that year. And the estate tax revenue from small businesses and farms, the center said, would amount to fifteen-hundredths of 1 percent of the total paid under the estate tax in 2017.
So, getting rid of the estate tax would hardly “protect millions of small businesses and the American farmer,” as Trump put it.
Trump’s claim doesn’t hold up even if you account for small businesses and farms that would potentially benefit from elimination down the road. The number from the Tax Policy Center (80) only refers to the number of small businesses and farms that would have to pay the tax this year.
When Donald Trump opens his mouth, all I see is diarrhea coming out. His words mean nothing to me. He has no interest in even trying to find out if the things he is making up are true. Is it possible he thinks they are true because he says them? It is a sad and embarrassing time to be an American.