2 upvotes, 1 direct replies (showing 1)
View submission: On Rights of Inheritance - why high inheritance taxes are justified
I'm not sure why a fair rate of Inheritance Taxes (10 to 20% or so) on estates over $5 million is an unfair or terrible injustice.
Because the person who earned that wealth *already* paid income taxes on it, typically at a higher rate than “10 or 20%” or so. The money has already been taxed.
Comment by ABobby077 at 22/01/2020 at 18:14 UTC
-2 upvotes, 1 direct replies
The money used to pay property taxes or sales taxes (or any other taxes) wasn't already taxed?