Quote:
Originally Posted by Pugchief
Why should one's heirs have to pay taxes on money that was already taxed? Pretty sure I'd rather my family get my estate than the tax man. You are free to bequeath your assets to Uncle Sam if that's your inclination, but it's not mine.
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To answer your 1st question.........to prevent Democracy leading to Dictatorship. That's what the tax system is supposed to do - prevent one generation passing wealth down to the next generation. Historically, that is the reason that people sailed to the Americas from Europe. You get Kings when wealth passes from one generation to another. Strangely enough, if you LOVE freedom.......you want inheritance taxes because it keeps a country free AND the American ideal is that each generation MUST earn its own wealth....not be spoon-fed by their parents.