|
A question that comes to mind is whether you should be taxed on 'stuff' or money or both or what?
1) The postal millionaire (funny sounding that) has a million dollars worth of stuff dies and leaves all of his stuff to his heirs.
2) Credit laden stock broker millionaire has a million dollars in the bank and stocks dies and leaves all of his monies to his heirs.
In scenario 1, the heirs has to sell stuff to pay the estate tax and now has no home or business to live in or continue with.
In scenario 2, the heirs go on about their business.
Probably a bit oversimplified but not untrue.
__________________
I have gained this from philosophy: that I do without being commanded what others do only from fear of the law. - Aristotle
|