How the farmers' protests over inheritance tax illustrate the impossibility of building a fairer society without tackling the underlying causes of unfairness
Interesting article. Inheritance is an 'income' (unearned) that the recipient receives, and should be taxed accordingly. Any business in an estate being passed to someone wanting to take on day-to-day hands-on ownership and management should be able to apply for an exemption as part of the probate process. Part of the problem is that we still view inheritance tax as a tax on the person who has died.
Interesting article. Inheritance is an 'income' (unearned) that the recipient receives, and should be taxed accordingly. Any business in an estate being passed to someone wanting to take on day-to-day hands-on ownership and management should be able to apply for an exemption as part of the probate process. Part of the problem is that we still view inheritance tax as a tax on the person who has died.