SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: djia101362 who wrote (15073)7/17/2000 11:02:23 AM
From: Jon Stept   of 15132
 
djia- Thank you for the example...

Hi djia,

Thank you for the example. It confirms my understanding of the estate tax.

I think that inheritance is a special type of income. It kind of makes sense in that the result of the income is not a matter of work or ingenuity... it is the result of a birthright, luck, a gift. And in a democracy, that is not as valuable as work itself (wages). Royalty, birthright and luck conflict with democratic principles. Maybe that is the reason it is so high.

Some of your comments suggest there are ways around this high tax, and I think you are right. If the inheritance is converted into a jointly owned business or even a trust, it would no longer be treated as an inheritance. A family business that is jointly owned fits better in the democratic model, no?

My opinion, and curious to hear what you think.

Jon :)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News