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[quote=Anonymous][quote=Anonymous][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]

And we had an estate tax before an income tax.

The estate tax is about the most American of all taxes. Plus, it makes a LOT more sense to tax dead people than living ones.[/quote]

The New England colonies had estate taxes from the very beginning, often before property taxes. It existed in England at the time and the colonists brought it with them. Some of the oldest documents in New England are the probating of wills, which was necessary to pay the estate tax. They paid on everything, those old probate documents list how many cords of wood, tons of hay and pounds of lard the deceased owned, in addition to their clothes and furniture.

It wasn't until the federal estate tax came along in the first half of the 20th century that the New England states started having an exemption for small estates. [/quote]

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