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Reply to "What really needs to be fixed in the tax code?"
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[quote=Anonymous][quote=Anonymous] I ask about estate tax, because some people think estates shouldn’t have a tax. (Yes usually the ultra rich ha ha.) But it may be a matter of principal, the idea that the money has already been taxed. (Unless it is from a foreign relative!) I don’t want to get this sidetracked, but what do we all think?[/quote] Founders had a very strong desire to ensure that the US would not end up with another aristocracy. Accumulated generational wealth is extremely damaging to a democracy. I think an estate tax is almost a necessity to keep democracy thriving. -- Some who stands to inherent an estate that will likely somewhat exceed the Estate Tax threshold[/quote]
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