If a firefighter makes two million dollars by working overtime for 20 years and a kid born into a wealthy family inherits two million dollars without working a minute, which person's $2 million should be taxed at a higher rate? Bush: The inherentance shouldn't be taxed at all !! 0%. We should tax the money earned from labor 25 or 30%. Kerry: This is silly. It's certainly fair to tax passive income more than income from labor. Hard work should be encouraged. We don't need policies that punish those who work hard, just so we can perpetuate an aristocracy of the wealthy. Kerry's right.