RetireeRobert
Thinks s/he gets paid by the post
The inheritance tax is set to go to $-0- in 2010. For one year.
But then in 2011 it comes back, with rate of 55% on taxable estates, under current law.
Why should families who spent lifetimes earning, sweating, slaving, saving---and paying income taxes all along--have the government confiscate 55% of their wealth when the parents die?
I believe this tax should be permanently abolished. It is punative and serves no good purpose.
But then in 2011 it comes back, with rate of 55% on taxable estates, under current law.
Why should families who spent lifetimes earning, sweating, slaving, saving---and paying income taxes all along--have the government confiscate 55% of their wealth when the parents die?
I believe this tax should be permanently abolished. It is punative and serves no good purpose.