Watching Bloomberg news and they showed that Japan’s inheritance tax is 55%. Ouch! What is the justification for the US inheritance/estate tax beyond the simple answer to collect money. You pay taxes on income. When you invest that income you pay taxes on your gain. So it would seem that when you die your dollars collected in life have been taxed all along the way. Why tax again?
Inheritance Tax
- Thread starter Tiger 86
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Mizzou Mule
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