Taxes on Inheritance and Lottery Winnings (user search)
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  Political Debate (Moderator: Torie)
  Taxes on Inheritance and Lottery Winnings (search mode)
Pages: [1]
Poll
Question: Should taxes on these be higher or lower? (see post below)
#1
both higher
 
#2
inheritance higher/lottery lower
 
#3
inheritance lower/lottery higher
 
#4
both the same
 
#5
inheritance the same/lottery higher
 
#6
inheritance the same/lottery lower
 
#7
inheritance higher/lottery the same
 
#8
inheritance lower/lottery the same
 
#9
both lower
 
Show Pie Chart
Partisan results

Total Voters: 27

Author Topic: Taxes on Inheritance and Lottery Winnings  (Read 2533 times)
Moooooo
nickshepDEM
Junior Chimp
*****
Posts: 6,909


Political Matrix
E: -0.52, S: 3.65

« on: October 23, 2005, 01:07:39 PM »


I disagree.  Lottery winnings should definitely be taxed as income in my opinion.  There's no reason to give people who win the lottery a free pass when working people are taxed.

Inheritance is a bit different, since it was already taxed at the time it was earned.  Truthfully, I am ambivalent about inheritance taxes.  

On the one hand, the money has already been taxed, so it is in a way double taxation on the same money to tax it again when the holder of the money passes.  But the money does represent a form of income to the person receiving it.  I think the right answer on inheritance taxes is to tax only large estates, with the amounts indexed to inflation, at a low rate.

Sounds good to me.
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