If you work hard for your entire life, save up your money and pay off your mortgage in full. Then you leave your property to your children and the government steps in and cuts itself a nice slice when they inherit it!
Am I the only one who thinks this is completely wrong?
2007-10-30 09:01:11 · 15 answers · asked by Vivi 5 in Politics & Government ➔ Other - Politics & Government
yes, I would love to get my hands on Old Brown....it seems that what you own is not yours.... the government owns it they tell you what percentage you can leave to your children, and this is after they have robbed you blind for tax the first time round when you earned the money....
2007-10-30 09:38:28 · answer #1 · answered by Anonymous · 3⤊ 1⤋
This Government thinks personal assets are an assault on its entitlements, and isn't going to miss out on a share of the boom in property prices. Quite apart from the moral implications of inheritance tax "theft", young people also miss out because of student loans, and the impossibility of affording to buy their own homes. They start their adult lives in debt, and the Government catch them from all angles.
Banjet 15, where have you been? The only increase is less than inflation. All they have done is join two spouses allowances together.
2007-10-30 21:47:58 · answer #2 · answered by steffi 7 · 2⤊ 1⤋
Actually it was the Rockefellers and Kennedys that thought it was a good idea. They believed in helping people less fortunate than themselves and believed that their heirs should pay taxes on the money left by them just as they would have to if they earned it themselves. So even though the filthy rich are fighting now to stop what they call the death tax, it was the filthy rich that incorporated it decades ago. Back then they had a sense of social responibility.
2007-10-30 16:22:09 · answer #3 · answered by Penny K 6 · 3⤊ 2⤋
Don't stop there.
Social Security too, you are forced to pay into it your whole life, but if you die at age 64, then you never see a penny. Think of all the things you could have done with your hard earned money if it hadn't been stolen from you.
And now people want universal health care. There's a great idea. Force people to pay into a system even if they are never sick a day in their life.
You are right, it is completely wrong, so are many other things our government does.
2007-10-30 16:08:40 · answer #4 · answered by Aegis of Freedom 7 · 2⤊ 3⤋
Yep. They're trying to seem nice now by effectively doubling the nil rate band, but it's not definate yet, expect a u turn anyday.
2007-10-30 16:07:46 · answer #5 · answered by Ahwell 7 · 2⤊ 1⤋
Your kids have not worked your whole life for the money, they ahve no moral entitlement to getting a tax free windfall. Let them work for their own mortgage and assets.
Thankfully it's only something the wealthy need worry about.
2007-10-31 12:56:49 · answer #6 · answered by Anonymous · 2⤊ 3⤋
As it was introduced by the TORIES it was stealing. But now the government have raised the amount of capital year by year it excludes most and only hits the super rich.
2007-10-30 18:15:15 · answer #7 · answered by Anonymous · 0⤊ 4⤋
No, you are not alone. But it is almost impossible for the people to convince the government that our money is not theirs to take at their discretion....
2007-10-30 16:13:29 · answer #8 · answered by smellyfoot ™ 7 · 2⤊ 1⤋
i agree it's wrong. We pay tax on everything. these people payed tax on their wages, paid tax on whatever it is they bought, paid double taxes on certain things too. It's robbery if you ask me, easy money for the government, just like stamp duty on houses - money for nothing!!! ggrrrrrrr
2007-10-30 16:05:56 · answer #9 · answered by LISA B 3 · 3⤊ 3⤋
Put like that, it's a persuasive argument! Hope our wondrous political leaders are listening.....
2007-10-30 16:06:06 · answer #10 · answered by ! 7 · 3⤊ 2⤋