THE CALIFORNIA TINY HOUSE
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The ranch here in Sunol, California, is on the fringe or the edge of urbanization.
We're about an hour away from downtown San Francisco. My family's been on this
ranch since 1918 - run about 200 cows on a family basis. First time we went
through the death tax, my grandfather passed away without anything except a
simple will. We had to sell that ranch in its entirety in order to pay the
taxes, and I watched my dad get physically ill as he fought this battle
for over four years with attorneys and accountants and the IRS. Second
generation, once again was up to me and my dad passed away unexpectedly and left
us again with with a liability that was impossible for us to deal with. We put in
a couple of cell towers and that helped. I borrowed money from the bank, I borrowed
money from a family member and it was really, really difficult to get through. If I
can leave one message to those on Capitol Hill, it would be
the federal estate tax is the most onerous tax that I've encountered. Statistically the
government will tell you that it only impacts a small percentage of estates
but that does not account for all the things that went on before - maybe the
dissolution of the business beforehand, paying for accountants, paying for
lawyers that have tried to get through the estate tax before it reached the
taxable level. In the absence of us being here this piece of property would become
subject to development just like you see off to the east there with billionaire
Silicon Valley folks coming in and building homes on these knolls.
They would just ruin this land forever. It would not be providing the habitat or
certainly the scenic beauty and the conservation that's going on here today.
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