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Mitzi | 5 years ago
Just chiming in for the 'has already been taxed' thing, as it is often brought up in opposition to taxing inheritance. No dollar is ever taxed 'finally', it's a continuous process that involves taxes in most steps. Say you earn a dollar, it gets taxed and 70 cents remain. You go to a store and want to use those 70 cents to buy something. You don't actually get 70 cents worth of product because of sales tax. (See also VAT.)
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