The Death Tax: Why Does It Cost To Die?
The death tax was revived in 2010 and would tax the top echelon of society a crippling 55 of their estates at death. The purpose of this tax is to evenly distribute wealthy and revive a fledgling economy off of the sweat of hard work of others. The denial to the heirs of what is rightfully theirs so that a stranger can benefit is almost akin to robbery and theft. It is a denial of personal liberty. It flies in the face of one of the basic tenets of the American dream that if you work hard all of your life, invest wisely, pay taxes while you are living, will can pass on a legacy to your family. The fruits of your labor can be realized in the next generation and they can continue to build on the success that you created for you and your family. Americans are taxed incessantly as it is, but we bite the bullet and pay those taxes in order to be good Americans while we are living. So that is not enough? Our hard-earned money has to be taxed ad nauseum when we die. When does it all end? The death tax will be the death nail of those persons who are decent and hard-working. What would be the point of it all if someone else is going to benefit from it when you die. You may as well splurge and spend all of your money on yourself when you are living if that is the case. It simply does not make sense and it flies in the face of everything this country was built on. Politicians are still in our pockets when we die and our families and loved ones are the ones who suffer.
The lawmakers got it right in 2001 and 2003 when they repealed it.