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WR Brandon White
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<blockquote data-quote="tOSUaluminWVa" data-source="post: 131724339" data-attributes="member: 1975572"><p>You make some really good points about the death tax, and I'm all for small government and low taxes. However, the "flip side" is that the people who inherit money usually don't earn it, so why should they be exempt from paying tax on it? In other words, why should a blue collar worker have to work his a$$ off to earn his money and be taxed, yet "Buffy" simply receives a windfall, and doesn't have to pay tax on it. I guess that the perspective from which you look at this issue matters greatly. From the decedent's perspective, it's very likely that the dead person has already paid taxes on his income, so it seems unfair to tax the same assets twice. Conversely, it would be a difficult argument to make that from the heir's perspective, it would be unfair to tax his windfall.</p></blockquote><p></p>
[QUOTE="tOSUaluminWVa, post: 131724339, member: 1975572"] You make some really good points about the death tax, and I'm all for small government and low taxes. However, the "flip side" is that the people who inherit money usually don't earn it, so why should they be exempt from paying tax on it? In other words, why should a blue collar worker have to work his a$$ off to earn his money and be taxed, yet "Buffy" simply receives a windfall, and doesn't have to pay tax on it. I guess that the perspective from which you look at this issue matters greatly. From the decedent's perspective, it's very likely that the dead person has already paid taxes on his income, so it seems unfair to tax the same assets twice. Conversely, it would be a difficult argument to make that from the heir's perspective, it would be unfair to tax his windfall. [/QUOTE]
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