I’m talking specifically about the double taxation point.
Its clear inheritance taxes must be highly progressive or else you are penalizing things like family homes etc. But even still reverse mortgages, business loans, stocks… All these financial instruments exist.
I agree it needs to be a highly progressive tax. I’m generalizing because we’re discussing international tax law and I don’t know the income cutoffs for different countries.
Double taxation is a real concern only if the inheritance tax affects very low income individuals. A family who shares a car or a struggling family restaurant might have a very difficult time if they are forced to pay an unexpected tax bill.
I’m talking specifically about the double taxation point.
Its clear inheritance taxes must be highly progressive or else you are penalizing things like family homes etc. But even still reverse mortgages, business loans, stocks… All these financial instruments exist.
I agree it needs to be a highly progressive tax. I’m generalizing because we’re discussing international tax law and I don’t know the income cutoffs for different countries.
Double taxation is a real concern only if the inheritance tax affects very low income individuals. A family who shares a car or a struggling family restaurant might have a very difficult time if they are forced to pay an unexpected tax bill.