mistermack wrote:Seth wrote:mistermack wrote:As far as I'm concerned, if a man goes out and works ten hours a day on minimum wage, and is expected to pay tax on what he earns, then inheritances should be taxed AT LEAST at the same rate as that.
Income is income, whether it comes from your parents, or an employer.
Er, it IS taxed, when the decedent earns it. Why should it be taxed again merely because he has died and given it to his heirs?
Income is income, whether it comes from your parents, or an employer
Income is earned. Inheritance is a gift from one person to another. It's like a birthday present. Do you propose to impose a tax on birthday presents too?
Try to read what you're criticising. You might not agree with it, but that's no reason to pretend it isn't there.
I read it, it's bollocks.
This argument that money has already been taxed is ludicrous.
Only to thieves who want to take what isn't theirs. Why should death be a taxable event? One's property has been fully paid for both by the effort of earning it and the taxes paid when it was acquired. If I want to give you some object I've earned and purchased, and paid taxes upon, why should you pay an additional tax on that transfer?
And, you are aware, are you not, that it is not the INHERITORS who are taxed, but the ESTATE that is taxed, prior to distribution to the heirs. "Inheritance tax" is the wrong term, because it's actually a Death Tax. Now, upon what rational basis does someone owe 50 percent (or whatever) to the government merely because one has the temerity to drop dead, pray tell? If ever there was an unjust and immoral tax, it's the Death Tax.
All income has been taxed before.
Precisely. When it's earned. Why tax it again?
It's you who should have to justify why people should get a tax break when they receive inherited money.
Usually it's not money, it's goods, and the tax is levied on the "fair market value" of the property. But even if it is money, why should it be taxed? It was fairly earned and taxed when it was earned. That's the key, you see: "earned."
They pay if they work for it. Even if they work for their parents. Why should they not pay, when they get it for nothing?
Because they got it for nothing, as a gift from their parents, to make their lives better than the lives of their parents, so that they can continue to move up in the world and not be driven right back down to the very bottom of the economic ladder by confiscatory, socialist taxation of the event of the death of a loved one. Families work hard and build up wealth, both as money and as property, so that their children will be better off than they were, but you would simply steal all that work away, work that has been paid for with the sweat and blood of the parents, and leave their children without the very purpose for which their parents spent their lives accumulating wealth.
You would destroy family businesses and farms because you are too fucking greedy to make your own way, and have to get what you want by stealing it from others, who unlike you worked hard to provide for their families.
That's the reality of the Death Tax. It's about greedy fucks jealous of the economic success of others using the blunt force of government to strip the next generation of that carefully husbanded and accumulated wealth out of pure, unadulterated jealousy and envy. It's about greedy, jealous fucks who want others to start at the bottom merely because they didn't have parents who gave them a leg up. It's about the most evil sort of socialist/communist hammering down of anyone who actually succeeds economically into the stinking proletarian mire of egalitarianism just because the evil fucks of the dependent class can't stand to see anyone better off than they are, all the while being to fucking bone lazy and incompetent to make their own way in the world.
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