Current stance on inheritance tax, and any changes in the future?
Posted by Johnrulez on Friday, 23 February 2007 23:09:26
Inheritance tax is an immoral form of taxation that penalises hard work and thrift. By raising a 40% levy on earned assets, it is also effectively double taxation. It frequently piles financial misery and distress on families already suffering the pain of bereavement; that is nothing less than grave robbery.
Over the last decade, millions of households have been drawn into the death duty trap by steadily rising property prices. Often, people are forced to sell their family homes to pay the duty. The burden of death duty largely falls not on the super rich, who can often afford to use tax avoidance schemes, but on millions of hard-pressed families struggling on modest incomes. For all the anguish it causes, inheritance tax raises a tiny proportion of the Government's revenue, less than one per cent. It is inherently unfair and should therefore be abolished outright.
Please inform me of your views on the topic, and your parties aims and objectives to combating on changing it in the future when you come to power. Or even a higher amount placed before inheritance tax is effective - we all know about the fast rising house prices.
Just a last note, my family has been affected by this stealth tax and I am sure lots reading this will know of someone who has also been affected by it.
I have heard of young siblings getting their parents house and having to sell it as a 40% inheritance tax was in their hands days after the funeral of the person who left the house to them. This is madness and most people will have to do this under stress and grievance.
Thanks for your time
Stealth tax taxes inheritance freedom police state