[ReaperCub]

The problem with inheritance tax is that the person pays taxes all through their lifetime and then when their significant others inherit that wealth (which already has been taxed once at least) it gets taxed again. The issue isn't the amount, the issue is the principle of it.

I suspect BTW the very rich won't ever pay these taxes as there are always ways to restructure the wealth or simply move it elsewhere. I know this is done in the UK. So what it does is punish the middle classes the most.

[dragonwriter]

> The problem with inheritance tax is that the person pays taxes all through their lifetime and then when their significant others inherit that wealth (which already has been taxed once at least) it gets taxed again.

Yes, because that's a transfer to different people. That's not a problem.

The problem is that it's not just treated as income to the recipients—which it manifestly is—with the income tax then being modified to include both advance recognition and windfall spreading options to allow taxpayers to deal with irregular income in a fair basis with more regular income.

This is also the problem with capital gains tax. And its not th people who have the kind of income that avoids regular income taxation that are getting screwed by that.

[ReaperCub]

> Yes, because that's a transfer to different people. That's not a problem

Sorry I don't agree. The tax has already been paid when the person was alive. There shouldn't be a an additional tax on top because it is given to others after they died. Which is what is happening.

> The problem is that it's not just treated as income to the recipients—which it manifestly is—with the income tax then being modified to include both advance recognition and windfall spreading options to allow taxpayers to deal with irregular income in a fair basis with more regular income.

The problem wouldn't exist if the tax was abolished.

> This is also the problem with capital gains tax. And its not the people who have the kind of income that avoids regular income taxation that are getting screwed by that.

Again another case of a problem that wouldn't exist if the tax (capital gains) was abolished.

[TFYS]

Most of the money circulating in the economy has been taxed many many times. The money your employer pays you has been taxed, the money that employer got from its customers was taxed, the money those customers used was their salary, which was taxed. That is such a stupid argument to make. It would mean that we should only have one tax at the root of money itself.

[cyanydeez]

Paying for stability is not a problem.