Quote:
Originally Posted by PsYcNeT
Based on this conversation I think we can all agree that Estate Taxes should be much much higher.
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Based on what?
I see this repeated all the time and I don't really get it.
To be clear, I stand to inherit exactly $0 from my parents and that's if I don't end up covering some of their expenses in their later years.
However, I work very hard and have taken some calculated risks to provide for my family. I don't quite understand why I shouldn't be able to pass on my accumulated after-tax funds and assets to my children? Because not everyone has something to pass along? Is that the same as "because fairness"?
Edit - ironically, these calls for increase inheritance taxes often come from people my age and younger (say 20-35)... the same age bracket that stands to be the beneficiaries of the largest transfer of wealth in history as our boomer parents die off.