The Huffington Post is upset that congressional republicans want to repeal the Federal Inheritance Tax, writing a story which makes it look like this action is handing wealthy heirs free money which will be used to party on. Those people have too much money as it is and this is so unfair. blah blah.
Well, we just paid our taxes for last year and let me just say, it was infuriating. Ministers of Religion must file as though they are self employed which means estimating a coming year's taxes and pay quarterly. This has always been difficult for most pastors and for us it means paying and paying and paying throughout the year. We were led to believe we'd given the government than enough last year but found out yesterday we still owed more. So I'm not in the mood for stories about others having to pay more taxes and the inheritance tax seems the most unfair of all.
Think about it. The money or property left by a deceased family member had been taxed already. Taxes paid and paid through the years. Someone in Congress years ago thought it was a good idea to tax it again when death occurs. Believe it or not, this tax hits many more average people than the very rich. It affects farm families more than anyone. A farmer dies and his children inherit the ground and find they must pay taxes on it when they take it over. Patently unfair to tax what has been taxed for years. And while many farm families have land, this does not generally translate into actual cash. Land rich cash poor.
We get taxed on everything and this tax should go away and those who love this tax need to quit using the Rockefeller type wealthy to promote their point of view. They are much fewer in number than the many family farmers.