There should be no inheritance tax of any amount of money or assets.
The first 5 million dollars should be exempt. After that the tax rate should be 35%.
The first 5 million dollars should be exempt. After that the tax rate should be 50%.
The first 1 million should be exempt. After that the rate should be 50%.
No exempt amount. Tax at 35% from the get-go.
No exempt amount. Tax at 50% from the get-go.
Abolish all inheritance. In other words, tax 100%.
i'll wager some in here wants to tax the allowance people give to their kids too.... as it "changes owners" and it's "income"
why should someone who say lives off a lifetime of savings (through investments) have his tax go from 15% (on top of corporate profit taxes) to 40% as you want
why should a million dollars made by a corporation be taxed TWICE by the greedy government so they get 35% at the first cut (leaving 650K) and then 40% when it is distributed to the owners meaning of the 1 million earned by the corporation only 390K makes it into the pockets of the citizens
Last edited by Gary; 02-02-12 at 06:16 AM.