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0 pointsAlexTWithBeard7y ago0 comments

So did I, but still don't get it: your parents worked hard - all the kudos to them.

What does it have to do with you and your wealth you've gotten from them for free without even lifting a finger?

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8 comments · 2 top-level

balfirevic7y ago· 3 in thread

If you are going with the premise that someone's parents rightfully earned their wealth and it is fully theirs for them to do what they please with it - then it is also theirs to give to their children.

It is not about child's right to that wealth - it is about parent's right to give it to their children.

AlexTWithBeardOP7y ago

It is absolutely within parents' rights to give their property to whoever they want - as long as the child pays the income tax on the money that fell from the sky.

imtringued7y ago

The parents already paid income tax. Where is the problem?

Children inherit lots of things from their parents like their genetics, upbringing, location, food, clothing and a place to live without paying taxes on those things so why should the inherited money or property be taxed? All of those things "fell from the sky", how is money different?

Parents can still be free to give what they own to children but you might prevent children from reciving it. For example by taxing whatever they recive.

That said I think inheritance tax is very bad idea and shouldn't exist.

AdrianB17y ago· 3 in thread

So what does it have to do with you or anyone else that never lifted a finger, but have expectations? If it is not your family's properties, hands off and move on.

AlexTWithBeardOP7y ago

Me? Well, net I pay more taxes that I receive back in services.

Just want to make sure those who got there money from the parents do participate as well.

HappyFapMachine7y ago

"I don't have it, so nobody will have it"

ergo147y ago

Their parents already paid the taxes for the money they gave to their children.

j / k navigate · click thread line to collapse