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I'm in favor of inheritance taxes as I see it as taxing income of the inheritors. I don't see any rational reason why income from this one source should be exem
by pcrh 10y ago
I'm in favor of inheritance taxes as I see it as taxing income of the inheritors. I don't see any rational reason why income from this one source should be exempt of taxation.
- altstar 10y agoOne reason can be double taxation. Normally all income and capital growth would already have been taxed.
- pcrh 10y agoPretty much everything is subject to multiple taxes. For example, the money you spend after income taxes are deducted may further be taxed by the means of sales taxes. Or, the money you invest from your taxed income might be subject to capital gains taxes.
- imtringued 10y agoWealth transfers from parent to child happen way before the death of the parent. Inheritance tax is not an effective way to avoid this. A different solution is needed
- saiya-jin 10y agoall legally obtained riches were already taxed as per law at the time of earning it. so this is double taxation, and a massive punishing one. same as if you sell a thing you already paid VAT for - new buyer then should also pay VAT on selling price, right? foreign person shouldn't be favored better than your own children.