As it turns out, high inherent tax won't stop elites, like the Rockefellers, from perpetuate themselves.

 

What it will do is killing family business around the country, and force confiscation of properties from home owners.

 

To prevent that, people who can afford it will be forced to hire lawyers, accountants and financial advisors to transfer assets into trust funds, and managed as a company with shares jointly owned among family members.

Also anyone with real money can easily move assets in to jurisdictions beyond the remit of the IRS or simply set up complex trust systems, inheritance tax is actually something I resent the most, the ability to pass a lifetime's work (that has been taxed) on seems to me to be a basic human right.

 

 

So you prefer inherence to be taxed as annual income? That could be funny, since in a lot of cases, if taxed as income, the rate may actually be higher than death tax.

 

Either way, small people are screwed.

 

No I'm saying I don't like the idea of inheritance tax whatsoever, what I meant was that the assets left by someone deceased have already been taxed (income/capital gains, etc) during that person's lifetime.

 

R