LogFAQs > #936549228

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Topic	ITT: You explain why inheritance/estate tax shouldn't be taxed at like 95%
TaZa92 03/31/20 4:43:33 PM #38:	Caution999 posted... We are already taxed plenty enough as it is for inheritance depending on your state. Enough is enough. The incredible amount of taxes are why we left England to begin with. next of kin gets the majority of property unless a will determines otherwise. There is already a fair inheritance tax; and in some states its already exorbitant. Okay good point - let's lower individual income tax for those making under 500k a year or something and make up for it in inheritance tax. Again, I don't see any reason why people should be given plenty of money/assets for simply being born to well-off parents. You can only argue for the parents who might've worked hard with plans to set up their future generations and for that I suggested not implementing this sort of a tax until around 20 years after announcement or so. --- hi <cite>TaZa92 posted [p:936549228] in ITT: You e... [t:78526872]...</cite> <quote>Caution999 posted... </cite> <quote>We are already taxed plenty enough as it is for inheritance depending on your state. Enough is enough. The incredible amount of taxes are why we left England to begin with. next of kin gets the majority of property unless a will determines otherwise. There is already a fair inheritance tax; and in some states its already exorbitant.</quote> Okay good point - let's lower individual income tax for those making under 500k a year or something and make up for it in inheritance tax. Again, I don't see any reason why people should be given plenty of money/assets for simply being born to well-off parents. You can only argue for the parents who might've worked hard with plans to set up their future generations and for that I suggested not implementing this sort of a tax until around 20 years after announcement or so. --- hi</quote> ... Copied to Clipboard!
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