it most certainly is,, if over my lifetime I've managed to earn 10 million dollars and stick it in the bank I've paid taxes on it,, I've paid taxes on the interest earned too, If I have a house worth 2 million dollars I've paid taxes when I bought it and I've paid taxes every single year thereafter,, I should after paying all these taxes be able to give my stuff that I have earned and already paid taxes on numerous times to my children without you government thugs asking for a 50% cut.
If over the years, you have earned 10 million and you only deposited this money in to a bank and you paid capital gains on the money earned over and above your initial, already taxed money, then you are absolutely correct....the inheritance tax would be extremely unfair....but it is SIMPLY NOT THE CASE with the individuals of multi millions that are subject to the tax.
you are off base on the mortgage deal....we are talking federal taxes and NOT property taxes that you and I and everyone that owns a home pays every year....this is the most ufair tax out there, in my opinion....it harms the many, by raping them of their own earned money every single year to repay a property tax for the home that you need to cover your head.
We are talking about the wealthiest, the ones who actually have to pay some in inheritance tax, where the eventual 7 million in exemption will not cover all of their assets and they actually have to pay some of the inheritance tax....
The GAO reports that these families own alot of things that have NEVER BEEN TAXED, take the Hilton's for example, their home estate, when purchased was perhaps worth 200k, and now it is work 25 million, passing this 25 million over to a child with the gain on the home value was never taxed as it would have been if he had sold it for the 25 million before he died, and all of the land acquisitions he made over the decades, that grew in value from a million to twenty million, if never sold, then never taxed on the gain of such investments....
When Hilton went public, and acquired a 50% stock ownership in the Hilton corporation, the value of the stock on the ipo was, let's say $10 bucks, and he held on to all of his stock for the last 40 or so years of his life, and when he dies the stock is worth $100 bucks a share for the 50,000 shares he owns, that's a 4.5 million dollar profit, that he never paid capital gains on because he failed to sell them before he died....but now handing them over to an heir at the 5 million worth instead of the $500k worth when he bought them....
THIS STUFF HAS NOT been taxed, not once, willow....if you really are interested, they have statistics supporting such on various government accountability sites....
care