Franglais:
Carryfast:
Firstly inhetrritance tax is levied on the estate of the deceased.So it’s effectively just a further tax on the proceeds of their net wage after income tax has been deducted.A tax on their estate… not on them…they are dead… they have ceased to exist…
Can you guess?
youtube.com/watch?v=vZw35VUBdzo
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You haven`t even attempted to say how 40 years of work can pay for 20 years of education and 20 years of retirement?
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It’s a tax on the estate/property of the deceased therefore it’s a tax on the deceased.
It has to be paid out of the content of the estate before probate is granted to anyone.
If it isn’t a tax on the deceased then why and how does a wife have her dead spouses’ unused inheritance tax allowance added to her’s which is then used to calculate her tax liability when she dies.
40 years of work pays for 20 years of retirement by increasing existing wage levels by 50% to provide the required deferred wage requirement thereby passing the cost back into the economy.Also topped up with an income tax based state pensions system which imposes the highest burden on the highest earners.
But you’d obviously prefer the employer classes to keep the cash owed in wages if not exporting the jobs to sweatshop economies, so as to increase profits at the expense of employees.Also ripping off the NHS and state pension system to reduce the income tax burden on the highest earners from 80+ % to 40%.
Then you claim that you’re not a Tory.
Income should only be taxed once.
Which obviously doesn’t mean taxing the hard earned estates of the working/middle classes to subsidise 40% income tax cuts for the highest income groups.