The top 50% of the population already own 99% of the wealth, lets make that worse!
Lots of great opinions here thanks!
I know what people mean but I just can't get round being against it. I would personally prefer to pay more tax while alive then have my children loose out on what I leave them. Also every last penny thats left will be taxed when spent AND while being saved.
To the people saying that they believe in equality; wouldnt you rather the 40% went to those that NEED it, say, ngo AID organisations?
If I had to redesign the tax system to take in roughly the same amount of tax as it does now, I'd cut income taxes and VAT, and up taxes on unearned income (like IT and capital gains), wealth, and land value.
Yes its a completely unfair tax, it steals from people who have done well for themselves to reward the lazy and the unambitious. Taxation is tyranny.
Estimating the value of your parents' estate on an internet forum is not the same as actually being hit by inheritance tax. I'm assuming the person who made that comment hasn't yet...
I assume the government is going to start taking on portions on people's debts when they die too?
No, didn't think so.
Inheritance tax is unadulterated grave-robbing.