Re:It’s better to be born rich than gifted
by mlazos on Saturday October 13, 2018 @09:48PM
(#18210954)
I don’t think anyone is saying avoid taxes entirely. I honestly don’t see why money should be taxed twice. Take income tax, fine, but if I decide to save money for my descendants then let me be. On its face it’s literally just a gift.
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Re:It’s better to be born rich than gifted
by TheCoelacanth on Saturday October 13, 2018 @10:36PM
(#18211076)
The "double taxation" argument is nonsense. There are many taxes that apply to the same money multiple times. I have to pay income tax on the money when I get it, sales tax when I use it to buy something with it and then property tax on the thing that I bought. (Also, gifts and inheritances are taxed identically).