Final-Fan said:
On Bandorr's question: Let me try again. I think I see the disconnect. |
He's fixating on the kid "earning" his or her inheritance when I already explained my position but I'll answer the bolded questions for the sake of clarification.
For (1) and (2) since my answer is similar. I consider earning to be acquiring money through any legal means.
(3) Yes but it's not a matter of if the kid earned it or not because it's a gift of sorts from their dead parent to them.
(4) Nope. I'm completely fine if that happened but I doubt that it would play out like that.
I did answer your question but I didn't answer it in the way you wanted. To answer those new questions. Because I consider it immoral of the government to tax something as sacred as the parting gift of a parent to a child or heir. It doesn't matter if the person died, their choices regarding where their possessions or wealth would go should still be honored without the government trying to steal what's not theirs. If I decided to give my kid my car when I die, does that mean the government should get half of my car or any of it? No. The same thing applies to money that's meant as an inheritance. I just disagree with any sort of death tax or inheritance tax whatsoever. Normal taxes should apply when they choose to do something with what they inherited like sell it, buy something, etc.
To the last question, nope.