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I've often wondered whether a 100% inheritance tax is the answer to all of this. You can privilege your children with a private education, tuition, etc. You ca
by MarcScott 7y ago
I've often wondered whether a 100% inheritance tax is the answer to all of this.
You can privilege your children with a private education, tuition, etc. You can't leave them any of your wealth.
If your kids are under 18 when you die, then they can receive a dividend but at 18 that ends. Your spouse should be able to take care of themselves, and not rely on your wealth.
No need for any other taxes whatsoever. Am I missing something?
- tehsauce 7y agoThat would highly discourage anyone from investing in anything that lasts longer than themselves- probably disastrous consequences
- dragonwriter 7y agoA zero percent inheritance tax plus not exempting inheritance from normal income tax would be more fair. (With generous provisions for advance recognizing income at the taxpayers discretion or for deferring recognition of windfalls that significantly exceed prior income.)