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Inheritance Tax is 'Unearned Income' | Why Do People Get Upset Over Inheritance Tax?
There’s this growing idea that we should start taxing “unearned wealth” more heavily, especially inheritance. I don’t buy it. The money being passed down didn’t appear out of thin air. Someone earned it, paid income tax, paid corporation tax, paid capital gains, paid stamp duty, and then made a conscious decision to pass what was left ...
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