Posted: Mar 26, 2014 8:14 pm
@Sendraks - It may not be an issue when I'm dead but it certainly is while living. I made money, I paid tax on it, when I die it goes to my estate. My estate continues to exist after my death and is considered, legally, an extension of me. Anyone I owe money to can get it from the estate, any taxes I owe are taken from it, it can be sued, it can be represented by legal counsel, it is in effect a legal person.
If you decide to give someone a gift, say a car, or a couple of thousand quid, or even a movie ticket or a sausage roll, should the state be able to simply confiscate it? The person you're giving it to didn't work for it, after all, and you're giving it away so it cant mean anything to you, so why shouldn't it go towards "The Greater Good"?
@Beatsong - Same question to you. Why should a posthumous gift be treated any differently than one made while living? There is inheritance tax in the U.S., but at the moment the first 5 million or thereabouts is exempt. After that it's 40%.
If you decide to give someone a gift, say a car, or a couple of thousand quid, or even a movie ticket or a sausage roll, should the state be able to simply confiscate it? The person you're giving it to didn't work for it, after all, and you're giving it away so it cant mean anything to you, so why shouldn't it go towards "The Greater Good"?
@Beatsong - Same question to you. Why should a posthumous gift be treated any differently than one made while living? There is inheritance tax in the U.S., but at the moment the first 5 million or thereabouts is exempt. After that it's 40%.