Is inheritance tax theft?

Eldridge · 09-03-2006, 06:14 PM

Inheritance tax is theft is a campaign introduced by the Daily Express. Gordon Brown has received at least double the amount of inheritance tax since Labour came to power. I am so glad George Osbourne could be scrapping it. Inheritance Tax has no purpose except for enabling a greedy government like the one we currently have get more revenue. Some people are rightfully putting the slogan on their cars. We have a situation where those in the middle are increasingly penalised due to the house price boom while those at the top have the means to avoid inheritance tax.

Anthony Butcher · 09-03-2006, 06:23 PM

In the context of the existing tax system, then what do they propose to replace the money with? The books have to balance somehow, so if inheritance tax is cut, then we will just be charged more in income tax. Personally I would rather tax dead people than pay more income tax now.

I understand that it is double taxation, but is that not better than extra taxation on wages?

UKIP's solution is of course to completely replace the taxation system with flat/single/simplified tax and remove inheritance tax altogether, but that is a different issue.

Colin McNamee · 09-03-2006, 09:05 PM

By definition if it is the law it is not theft.

SGK · 09-03-2006, 09:15 PM

Anthony, it isn't taxing the dead, it's taxing the living inheritors.

Colin McNamee · 09-03-2006, 10:12 PM

Anthony doesn't see that, other posts another Thread. The view is 'birthright !!!!!' Not allowing for property price increases.

Increase the threshold by 4 or 500% to restore the equilibium and a, slim, case could be made for retention.

How one replaces the money raised is a different issue.

Inheritance Tax, similar to VAT, is a double taxation.

View Poll Results: Is inheritance tax theft?
Yes	8	80.00%
No	2	20.00%
Voters: 10. You may not vote on this poll

09-03-2006, 06:14 PM	#1 (permalink)
Eldridge Junior Member Join Date: Feb 2006 Posts: 10	Is inheritance tax theft? Inheritance tax is theft is a campaign introduced by the Daily Express. Gordon Brown has received at least double the amount of inheritance tax since Labour came to power. I am so glad George Osbourne could be scrapping it. Inheritance Tax has no purpose except for enabling a greedy government like the one we currently have get more revenue. Some people are rightfully putting the slogan on their cars. We have a situation where those in the middle are increasingly penalised due to the house price boom while those at the top have the means to avoid inheritance tax.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

09-03-2006, 06:23 PM	#2 (permalink)
Anthony Butcher Administrator Join Date: Sep 2004 Location: Long Ashton, Bristol Posts: 10,139 Party: None	In the context of the existing tax system, then what do they propose to replace the money with? The books have to balance somehow, so if inheritance tax is cut, then we will just be charged more in income tax. Personally I would rather tax dead people than pay more income tax now. I understand that it is double taxation, but is that not better than extra taxation on wages? UKIP's solution is of course to completely replace the taxation system with flat/single/simplified tax and remove inheritance tax altogether, but that is a different issue.

09-03-2006, 09:05 PM	#3 (permalink)
Colin McNamee Senior Member Join Date: Feb 2006 Location: Somerset Posts: 894	By definition if it is the law it is not theft.

09-03-2006, 09:15 PM	#4 (permalink)
SGK Senior Member Join Date: Jul 2005 Posts: 1,237	Anthony, it isn't taxing the dead, it's taxing the living inheritors.

09-03-2006, 10:12 PM	#5 (permalink)
Colin McNamee Senior Member Join Date: Feb 2006 Location: Somerset Posts: 894	Anthony doesn't see that, other posts another Thread. The view is 'birthright !!!!!' Not allowing for property price increases. Increase the threshold by 4 or 500% to restore the equilibium and a, slim, case could be made for retention. How one replaces the money raised is a different issue. Inheritance Tax, similar to VAT, is a double taxation.