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Old 04-14-2005, 01:08 PM   #15
Happy Monkey
I think this line's mostly filler.
 
Join Date: Jan 2003
Location: DC
Posts: 13,575
Quote:
Originally Posted by lookout123
exactly why are we in favor of taxing monies that have already been taxed?

doesn't "double taxation" ring a bell for anyone? i agree it is easy to build a sympathetic case for an estate tax. i dislike paris as much as anyone, but why is it ok to tax someone twice, just because they have $XX?
"Double taxation" is something like federal and state income tax applying to the same income. Estate tax is not double taxation, it is taxing a transaction just like any other. "Monies" aren't taxed, transactions are, and inheritance is a transaction.

Further, estate taxes are the only limit in our society against a hereditary aristocracy taking hold.
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