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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: nasdaqian who wrote (14071)5/10/2001 11:41:19 AM
From: Nandu  Read Replies (2) of 42834
 
So, death should be a taxable event. Even though this "wealthy" person is already progressively taxed while living. Whose protection is this dead person paying for now?

It is not the dead, but the heirs that pay the tax. What I don't understand is why my fortnightly payday is inherently a more taxable event than my inheriting my Dad's estate.

Government taxes wealth in order to protect it. And there is a tooth fairy and an Easter bunny.

If not to protect its citizens and their property, what in your opinion is the purpose of government?
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