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You'll forgive my skepticism in thinking that the folks who would be affected by confiscatory estate taxes will simply resort to more complex structures to avoi
by sk5t 8y ago
You'll forgive my skepticism in thinking that the folks who would be affected by confiscatory estate taxes will simply resort to more complex structures to avoid it--trusts, corporations onshore or off-, etc. Moreover, it isn't a settled matter that high estate taxes are per se "fair." The deceased already paid taxes on all that income, why should the government again get to help itself to what's left over?
- notacoward 8y agoI've seen this "double taxation" canard a hundred times already. It's lazy, perhaps even dishonest to the extent that it ignores obvious reality. Fact is, money is generally taxed whenever it moves. Income tax and sales tax are obvious examples. Why should inheritance, which is an essentially similar transfer, be exempt?