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Inheritance tax
Inheritance tax
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obviously everybody hates to pay tax but i understand the point of it ect but i cannot agree with inheritence tax its a joke, if someone has worked all their life paying taxes on what they have earnt and then dies why should the government have any right to take a cut of the value on somebody elses personal possessions. I just cannot see how it can be justified or legal in any way.
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mengmeng
Inheritance tax should be one of the least controversial of taxes and I just don't understand all the uproar. We have to pay taxes several times whenever there is a transfer of good and services. We first pay income/NI taxes and still have to pay so many duties on top out of that after tax money and we pay VAT on everything and even on VAT the duty itself!!! So you almost cannot provide any paid labour without having to pay taxes on that and I find that more objectionable. IHT on the other hand is more morally defensible tax since it tends to apply to people who recently have been using the benefit of the state a bit more in the form of NHS care, pensions etc so it is fair to take from their estate a bit more and the beneficiaries have done no work to earn that money so should rightly pay tax on that income. |
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If you get a decent sum from an inheritance ,don't tell anyone ,otherwise you could face an on slaught of jealous from everyone around you.
" loose lips sink ships". Pay the tax but don't tell anyone how much you received. It's not worth going outside the law ,with all the stress of wandering if they'll claim it back ,which they could. |
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How does the estate get measured in the first place?
If aunt Fanny has box of jewellry, who is going to come into her house after her death, rummage in her house to find the box, evaluate its worth then tell the tax man  |
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I'm guessing that boris doesn't have children ( i don't either ), but try to imagine that you do and that you've invested a lot in them and their children ( your grandchildren ) as well.
One of them has a business plan - do you want them to plead to a bank for a loan, or do you want to help them after you've gone. It's an amazing world - if you want to see your grandkids get some help from you then the State can compulsorily take 36-40% first of everything over 325k. If you've got organs worth passing on, but you hate the State or simply don't care about the human race as a whole, then they and the people who might benefit from a transplant can feck off. Imv, at the end of it all, taxes are set at levels the State thinks it can get away with - realpolitik. |
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Anything over about a million should be taken away wholesale, noone actually deserves that money. But could be useful for schools, hospitals and trident nuclear submarines. Trouble is the proper rich will just find a way round the rules either way so the argument is all epidemic anyway.
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Bongo
You are right I have no kids but I do have parents though. If you actually wanted to help your kids or grand kids you would do it during your life time and perhaps have joy in seeing them making a success of their lives. If you love your children and trust them to do good with your money, just help them out while your alive otherwise they will have to share it out with the society that enabled you accumulate that wealth, Simples!!! There is no moral reason for the state to tax us on wages we actually earn but not taxing us when we inherit out of other people's efforts!!! |
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bloody hell rob
do you wear Red all week long?  |
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"Anything over about a million should be taken away wholesale, noone actually deserves that money. But could be useful for schools, hospitals and trident nuclear submarines"
It would certainly be useful for that in an ideal world, but like all tax it will be spent on politicans' vanity projects, useless council workers, wars and benefits. So imo, the govt can get stuffed. |