Quote:
Originally Posted by HarryT
One could equally ask "why should it not"? If you build a house, and let it out to tenants, should those tenants stop paying rent when you die? A reasonable person would say "no"; your descendants inherit the house and carry on receiving the rent money.
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OK, Harry. For sake of discussion, let's treat it as property (I disagree but...). All real property is taxed in most jusirdictions. It is in most states in the US (property taxes are a state and local level is the US) and it is in Great Britain. Where's the taxes on I.P.? It should be taxed just like a piece of land. Note, a piece of land is taxed whether or not it produces any revenue, and is seized by the state it the taxes are not paid. How much tax? A percent of whatever the state estimates the market value of the I.P. is. Do you like this version of I.P. better?