<p>I have to admit that this debate on whether inheritance should be taxed or not is perplexing to me that it seems to rage on from last night into this am. </p>
<p>There are those of us who believe that if I have legally earned it, and its been appropriately treated from all professional financial standards (from taxes to FASB to the whole 9 yards)…then its mine to do with what I wish, including GIVING (gifting) it to my heirs. And that my gift of what I own (and do not owe) should go exactly in the form I wish to whomever I wish without penalty to them. As Bay pointed out, it will get taxed soon enough when they spend it. </p>
<p>There are those of y ou who disagree and seem equally committed to the belief it should be taxed for all your own reasons and rationale-- personal sense of “fair”, outrage over the randomness of sperm meets egg, etc.</p>
<p>These are such completely opposite worldviews neither one will every convince the other. And these are opinions. Not facts. Not absolutes. Is there anything really new or more to say about it? Saying it repeatedly and more emphatically than last time isn’t going to change the mindset of anyone who disagrees.</p>