Quote:
Originally Posted by GeoffC
By estate tax, I assume you mean inheritance ? - Surely that has already been taxed ?
Capital gains, why should one not 'benefit' from a financial improvement ?
These extra taxes cost money to collect .... and currently are a bittie confusing ....
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They should benefit but why should that not be taxed? And why should gains from selling off assets that have appreciated or gains from inheritance not be taxed before income from labor which is presumed to have social benefit.