Posted 12/5/2012 21:01 (#2735257 - in reply to #2735123) Subject: RE: appreciation is not taxed and should be.
SE South Dakota
"What most conveniently choose to ignore is that the appreciation has never been taxed in any manner and should be. that is where the wealth is and that money has been accumulated tax free. the argument is that it was already taxed - no, that is false; appreciation is not taxed. "
From your statement above a question comes to light. If when a person dies with lots of appreciation on his land and then estate the estate taxes are paid then next gereration owns the land. What happens when the next generation dies after a period where the land value has dropped a lot. Does the government refund the estate taxes that were paid earlier?
If we must pay on the inflation should we not recieve something back on the deflation?
Thoughts on all the talk/complaining about taxes/estate tax on here.
