A Quote by Sanjeev Bhaskar
I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.
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My dad is a part of who I am, and he was a very hard working person and someone who worked to achieve his goals and make sure his family is straight and I always admired that. My mom worked so hard. I had two hard-working parents around me.
The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.
We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.
When I was harassed and discriminated against, I fought as hard as I could - because I hadn't gone through all of that, I hadn't worked so hard my entire life, just to have someone take it away from me.
They have passed the big inheritance tax, and that gets you when you are gone. You used to could die and be able to beat taxes, but not now. The undertaker don't go over your body as carefully as the assessor does your accumilated assets, and he gets his before the undertaker. They have it on these big fortunes now where they pay as high as 60 to 70 percent of what they leave. That's mighty expensive dying when it runs into money like that, and you won't see 'em dropping off as casually as they have been.
From the time they get up in the morning and flush the toilet, they're taxed. Then they go and get the cup of coffee, they're taxed....This goes on all day long. Tax, tax, tax.
My dad's been having a hard time lately. Keeps on losing his keys. Can't hang on to a set of keys to save his life. And he has tried everything too: little hook next to the door, little bowl next to his bed, keychain makes a noise when you whistle. Nothing worked. So finally, this year for his birthday, the whole family chipped in - and we put him in a home.
It used to be that we taxed property - zapped farmers basically. And there were very rich people who didn't pay that much tax. So in 1913, they put in the income tax. It was incredibly popular. The tax we love to hate today.
Our family is everything to me, my kids, and I'm proud of the family and the relationship and how hard we've worked. We've publicly gone through stuff and made it work. And I'm so glad that we did, 'cause our family so strong and so amazing. I'm blessed.
Though tax records are generally looked upon as a nuisance, the day may come when historians will realize that tax records tell the real story behind civilized life. How people were taxed, who was taxed, and what was taxed tell more about a society than anything else. Tax habits could be to civilization what sex habits are to personality. They are basic clues to the way a society behaves.
Both my parents were migrant workers who came to the U.K. in the Fifties to better themselves. The culture I grew up in was to work hard, save hard and to look after your family.
It seems to me that the least deserving recipients of wealth are inheritors. Further, there are many indications that inheritors often have trouble adjusting to their unearned inheritance. An inheritance tax would de facto help remedy this.
My mum and dad had worked incredibly hard to afford me an education.
It always seems to me so odd that when a man dies, he takes out with him all the knowledge that he has got in his lifetime whilst sowing his wild oats or winning successes. And he leaves his sons or younger brothers to go through all the work of learning it over again from their own experience.
My dad was always such a frustrated artist. He always worked very hard to support his family, doing a bunch of ridiculous jobs. He wanted to be a painter, but then he also wrote science-fiction novels in his spare time.
My mom and dad worked very hard to give me the best chance in - not just in golf but in life. You know, I was an only child, you know, my dad worked three jobs at one stage. My mom worked night shifts in a factory.
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