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by mantas
3098 days ago
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> This is why we need the estate tax (Paris Hilton tax or death tax as opponents like to say) to stay and probably increase in rate. How is it relevant to giving up citizenship and owning property or company? There's no death involved. If their children are not citizen either, they are not hit by inheritance tax too. > I am not a big fan of income tax on businesses but I can see why we need it. VAT is sort of like income tax for businesses. Except it's not taxed on B2B transactions. Which makes sense. Otherwise everybody would bring in whole production chain in-house and we'd be left with huge conglomerates and no SMBs. |
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