4 ms·
I also find it amusing when people call inheritance tax a double-tax and yet they don't call income tax a double-tax. Essentially, all money is taxed multiple
by mkramlich 16y ago
I also find it amusing when people call inheritance tax a double-tax and yet they don't call income tax a double-tax.
Essentially, all money is taxed multiple times as it flows through the economy. If inheritance tax is a double-tax then by the same standards all taxes are like an infinity-tax.
One way of looking at it is like this:
Government siphons off taxes at multiple points within the lifecycle of any given unit of money (a dollar, a penny, whatever). Businesses also siphon off money in the form of profits (ideally) and costs (unavoidably, unless outright theft was used to procure input resources, etc.). Basically, money gets fractionally siphoned off and redirected into other streams. If the money is siphoned off by a business under the label of profit, the Republican Party (a US thing) treats it as a good thing. Instead, if the money is siphoned off by a government under the label of taxes, Repubs tend to call it a bad thing. Unless the government hands it over to the military-industrial complex, or to oil companies, or to the rich, then it's no longer a bad thing, from what I can tell, looking at their track record.