Quote:
Originally Posted by jimjamuser
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.
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Taxes are to keep the government running. You are referring to an inheritance tax. The first $13,990,000 of an estate is exempt from federal estate taxes. So you probably don't have to worry about that.