Reply to Vox article on inheritance

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[quote=Anonymous][quote=Anonymous]We will never do this, but the solution is actually quite simple.  ALL income should be taxed the same, regardless of the source.  Wages, inheritance, dividends, etc.  It is all just “income”.  Every dollar of income should be taxed at a progressively higher rate than the previous dollar.  (Maybe you have a cut-on point where taxes kick in, e.g. at a yearly equivalent of full time minimum wage or something) There should be zero tax exemptions/breaks.  The government should bot care if you are married, own a house, have kids, or donate to charity.  You as a taxpayer receive some form of income, dollar 2 is taxed a little more than dollar 1.  Dollar 3 is taxed a little more than dollar 2, etc.  We could just have a GD formula where “x” is the total income you received in a year, from all sources, you plug it in and BAM - there’s your taxes owed.[/quote]

You're correct that this won't happen. The reason is that in the US, tax policy substitutes for social policy. The government officially smiles upon some activities and frowns upon others and tax policy is one place where that is expressed. [/quote]

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