Final-Fan said:
Aeolus451 said:
I did answer your questions with what I said and I'll say it again. A person who earned their wealth should be able to pass their wealth onto anyone they want without that wealth being taxed because it's an inheritance.
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Let me restate the contradiction I believe Bandorr sees in your position more briefly:
"If a person earned their wealth wanted to pass it on to someone else, they should be able to without being taxed by half or even some it."
This implies a condition to your opposition to an estate tax: it should not be taxed on the condition that the wealth was "earned" by the person who died.
"It doesn't matter if you or anyone else doesn't think the person who inherited the money has earned it or not because the person who gave the money as inheritance wanted their wealth passed on."
This implies that wealth should not be taxed on death regardless of whether they "earned" it, which appears to directly contradict your earlier statement. Can you explain this discrepancy?
Originally I was going to ask you how you defined "earned", but since you use the same term in both statements this isn't necessary for the question I just asked.
P.S. Aside from the above, my own question to you is: why is an estate tax taken after a person is dead more onerous than an income, sales, or property tax taken while the person is still alive?
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It doesn't contradict my earlier statement at all. They shouldn't tax an inheritance at all. That's my position on this.
Edit.
To answer your question. Because it's the passing of their wealth from a dying family member to another or to a heir. It's not normal income so it shouldn't be taxed to the extent it is or at all. It's just my opinion. I consider it the same as thievery in a sense because it's not the community's money or the government's.
