Quote:
Originally Posted by jfman
The state double dips at every turn. You pay tax on your income and then on almost everything you spend. Even more tax if it involves petrol, alcohol, flying anywhere or anything remotely enjoyable.
The idea that children inheriting many multiples of the average salary is the line that can’t or shouldn’t be crossed when if they’d earned it themselves it’d be taxed is a red herring.
There’s no real indication that inheritance tax prevents parents achieving that goal. Although I do understand why any rational individual wants to avoid any tax.
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I think you’re right in so far as we all pay tax on everything, probably multiple times without knowing it.
But, when it comes down to what you’ve actually earnt, After paying all those taxes, to give to your family. That’s when it’s an issue, that’s when it bites.
I do not believe inheritance tax, I shouldn’t be taxed when I’m dead.