Originally posted by The_Equalizer
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Reply to: Time to cut benefits?
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Previously on "Time to cut benefits?"
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Originally posted by northernladyuk View PostWhat is Inheritence tax?
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Originally posted by The_Equalizer View PostI'm a fast learner.
Inheritence tax - loved by those without anything coming their way, loathed by those that have.
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Originally posted by northernladyuk View PostYou're talking nonsense. Again.
Inheritence tax - loved by those without anything coming their way, loathed by those that have.
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Originally posted by BrilloPad View PostI know of a few people with elderly relatives who find them difficult(like PC). The alternative is far worse.
Though the only reason I want to become old is to become as much of a burden to my children as they were to me.
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Originally posted by The_Equalizer View PostDifference being (as you well know ) is it's taxing something that has already been purchased and subject to tax (stamp duty) and bought with income that has already been taxed. Anyway, I say viva the seven year rule.
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Originally posted by northernladyuk View PostSo? It is still already taxed income.
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Originally posted by The_Equalizer View PostThought you had to buy stuff to encounter VAT?
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Originally posted by PurpleGorilla View PostWhat I mean is - if one generation decides to keep their inherited wealth, spend it on what ever they fancy, or even to pass it on to the cats home because they do not believe in inherited wealth - and the youngsters at the bottom of the waterfall inherit nothing. Have they lost out?
This is an ethical question.
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Originally posted by PurpleGorilla View PostWhat I mean is - if one generation decides to keep their inherited wealth, spend it on what ever they fancy, or even to pass it on to the cats home because they do not believe in inherited wealth - and the youngsters at the bottom of the waterfall inherit nothing. Have they lost out?
This is an ethical question.
Many people leave little to nothing for the next generation.
For example all my grand parents are now dead - think in inheritance I ended up with about 20k altogether - not life changing
My parents got nothing as it skipped them and came straight to me and my brothers.
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Originally posted by The_Equalizer View PostI’m pretty sure tax rises are proportional to tax evasion. Why should the state get its mits on already taxed income?
This is an ethical question.
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Originally posted by northernladyuk View PostSo will you abolish VAT on the same basis?
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Originally posted by The_Equalizer View PostI’m pretty sure tax rises are proportional to tax evasion. Why should the state get its mits on already taxed income?
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