Despite the weeping and wailing of the Hollywood Left, the world has at least the potential to become a better place with the passing of the dictator Hugo Chavez. Given the fact that even a toilet seat in Venezuela was considered a "luxury item" for taxation purposes by the government, and that the estate of the recently departed 'Man of the People' Hugo Chavez has been estimated at around $2 Billion (with a "B"), perhaps now is the time to get American liberals on board with some tax reform of our own?
Inheritance tax in Venezuela is around 25%. If you died tomorrow, the government's take from you would be about twice that, as a percentage. Ask your liberal friends if they believe that your passing should be taxed at twice the rate as a billionaire dictator? (Well, to be fair, you probably do have quite a number of those luxury toilet seats, now, don't you?)
The death tax is the dumbest thing ever. I know there are a lot of dumb taxes but WTF!
ReplyDeleteEverything you earned during your lifetime was subject to one or more taxes. For the government to then come and appropriate 50% more from your heirs, is beyond rapacious.
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