Ranchers, farmers brace for 'death tax' impact ...rate jumps to a confiscatory 55%.

And you thought the upcoming 39.8% Federal tax rate sounded bad... Did you see this cliff coming? Ranchers, farmers brace for 'death tax' impact. The exemption drops from $3.5 million $1 million, and the rate jumps to a confiscatory 55%.

http://www.foxnews.com/politics/2012/11/16/ranchers-farmers-brace-for-death-tax-impact/