What's up with the estate tax?
(Orangutan, 316
Points)
on 1/1/13 at 3:45am
Just wondering what your opinion is on the estate tax, since that might get raised to 40% for inheritances above $5mil. I come from a country that doesn't have it and I think it's totally immoral. What gives the govt the right to take away a dead guy's money, assuming he has heirs? especially when that money is already after-tax? Is this another one of those spread-the-wealth techniques?





I'm not defending it, but I
I'm not defending it, but I don't see how it's any more immoral than any other tax. What gives the gov the right to take a dead guy's money? Well what gives them the right to take 40% of your paycheck that you worked for? Neither is more justifiable IMO.
And for the double taxation argument, dividend taxes and capital gains taxes are all clear examples of double taxation.