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Politics : Formerly About Advanced Micro Devices
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To: Taro who wrote (229342)4/15/2005 2:26:12 PM
From: SilentZ  Read Replies (2) of 1584865
 
>I believe estate tax is immoral because it taxes the share of funds left by the IRS after they have already taxed the original income once.

>Sometimes it is called taxes of already taxed money.

>Could you tell me what's wrong with my argument here?

For one thing, the government's going to get the money somehow... maybe they should just charge it double the first time? Does it make a difference?

Second, this strategy acknowledges that not all people are born with the same advantages in life, and it levels the playing field a bit.

EDIT: Your logic is also a bit flawed in that, well, all money is taxed many, many times already... if I make a salary, I'm taxed on it. Then, when I buy a product, the vendor is taxed. Then, when he uses his profits to buy something, the next vendor is taxed, and so on... An inheritance is a transaction... we tax transactions! Ain't nothin' wrong with that.

-Z
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