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So did I, but still don't get it: your parents worked hard - all the kudos to them. What does it have to do with you and your wealth you've gotten from them fo

So did I, but still don't get it: your parents worked hard - all the kudos to them. What does it have to do with you and your wealth you've gotten from them for free without even lifting a finger?

AdrianB1 8y ago
So what does it have to do with you or anyone else that never lifted a finger, but have expectations? If it is not your family's properties, hands off and move on.
- AlexTWithBeard 8y ago
  Me? Well, net I pay more taxes that I receive back in services. Just want to make sure those who got there money from the parents do participate as well.
  - ergo14 8y ago
    Their parents already paid the taxes for the money they gave to their children.
    - CharlesDodgson 8y ago
      They paid tax on the money they earned, they worked for it. This one time payment doesn't absolve their heirs from receiving the money in perpetuity without paying a single penny of tax on the same money in the future. People get high and might and see it as some sort of double tax, inheritance tax is the price heirs pay for receiving money they didn't earn through their own means. I'm not saying every penny should be taxed, sure have a threshold.However if you are 35 with no great skills and just waiting for a grand-parent to pass and inherit $/€/£3m. With the sole aim of buying 5-10 apartments and living off punitive rent you charge others who don't have rich grandparents, then you should be taxed to the hilt.
      - ergo14 8y ago
        That IS double tax, income that bought it was taxed already. "However if you are 35 with no great skills and just waiting for a grand-parent to pass and inherit $/€/£3m. With the sole aim of buying 5-10 apartments and living off punitive rent you charge others who don't have rich grandparents, then you should be taxed to the hilt. " Everyone should be equal in the eyes of law - this is anything but that.
  - HappyFapMachine 8y ago
    "I don't have it, so nobody will have it"
balfirevic 8y ago
If you are going with the premise that someone's parents rightfully earned their wealth and it is fully theirs for them to do what they please with it - then it is also theirs to give to their children. It is not about child's right to that wealth - it is about parent's right to give it to their children.
- AlexTWithBeard 8y ago
  It is absolutely within parents' rights to give their property to whoever they want - as long as the child pays the income tax on the money that fell from the sky.
  - imtringued 8y ago
    The parents already paid income tax. Where is the problem? Children inherit lots of things from their parents like their genetics, upbringing, location, food, clothing and a place to live without paying taxes on those things so why should the inherited money or property be taxed? All of those things "fell from the sky", how is money different?
- scotty79 8y ago
  Parents can still be free to give what they own to children but you might prevent children from reciving it. For example by taxing whatever they recive. That said I think inheritance tax is very bad idea and shouldn't exist.

So did I, but still don't get it: your parents worked hard - all the kudos to them. What does it have to do with you and your wealth you've gotten from them for free without even lifting a finger?

AdrianB1 8y ago

So what does it have to do with you or anyone else that never lifted a finger, but have expectations? If it is not your family's properties, hands off and move on.

AlexTWithBeard 8y ago
Me? Well, net I pay more taxes that I receive back in services. Just want to make sure those who got there money from the parents do participate as well.
- ergo14 8y ago
  Their parents already paid the taxes for the money they gave to their children.
  - CharlesDodgson 8y ago
    They paid tax on the money they earned, they worked for it. This one time payment doesn't absolve their heirs from receiving the money in perpetuity without paying a single penny of tax on the same money in the future. People get high and might and see it as some sort of double tax, inheritance tax is the price heirs pay for receiving money they didn't earn through their own means. I'm not saying every penny should be taxed, sure have a threshold.However if you are 35 with no great skills and just waiting for a grand-parent to pass and inherit $/€/£3m. With the sole aim of buying 5-10 apartments and living off punitive rent you charge others who don't have rich grandparents, then you should be taxed to the hilt.
    - ergo14 8y ago
      That IS double tax, income that bought it was taxed already. "However if you are 35 with no great skills and just waiting for a grand-parent to pass and inherit $/€/£3m. With the sole aim of buying 5-10 apartments and living off punitive rent you charge others who don't have rich grandparents, then you should be taxed to the hilt. " Everyone should be equal in the eyes of law - this is anything but that.
- HappyFapMachine 8y ago
  "I don't have it, so nobody will have it"

balfirevic 8y ago

If you are going with the premise that someone's parents rightfully earned their wealth and it is fully theirs for them to do what they please with it - then it is also theirs to give to their children. It is not about child's right to that wealth - it is about parent's right to give it to their children.

AlexTWithBeard 8y ago
It is absolutely within parents' rights to give their property to whoever they want - as long as the child pays the income tax on the money that fell from the sky.
- imtringued 8y ago
  The parents already paid income tax. Where is the problem? Children inherit lots of things from their parents like their genetics, upbringing, location, food, clothing and a place to live without paying taxes on those things so why should the inherited money or property be taxed? All of those things "fell from the sky", how is money different?
scotty79 8y ago
Parents can still be free to give what they own to children but you might prevent children from reciving it. For example by taxing whatever they recive. That said I think inheritance tax is very bad idea and shouldn't exist.