| >>>And I personally think we should get rid of the estate tax, it's double taxation, first income tax when earned and then again when transferred.>>>
The people who inherit your wealth have not worked for the money they are about to receive. You are taxed on your earned income, and they are taxed on a windfall that is (usually) a result of being related to you. So no, it is not double taxation of any individual.
This country prides itself on NOT being built around aristocracy, which is what you get when wealth keeps accumulating over the generations. |