Jul 9 2010, 11:36 AM
QUOTE(cherroy @ Jul 8 2010, 05:37 PM)
Well say and reasonable comment. 
But if look for another perspective, their siblings, children need not to work hard for the money, nor being taxed before, suddenly can get millions without a sweat, so the inheritance tax make a case in this issue.
I am not saying which way is right, don't get me wrong.
So what if they get free money without needing to work hard for it? But if look for another perspective, their siblings, children need not to work hard for the money, nor being taxed before, suddenly can get millions without a sweat, so the inheritance tax make a case in this issue.
I am not saying which way is right, don't get me wrong.
These assets are not stored in cash at home. Its spread out into properties, stocks, businesses, etc that each has its own individual taxes.
The children/siblings would still need to work to double up the money.
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