If your father hands you $10,000 in cash, would you report it to the government as income? I didn't think so.
What kind of American are you that thinks the government is more deserving of ones wealth after he or she dies than the family? You ask what the kids did to earn that money, and I ask you what government did to earn that money?
What exchanges happen within the family are family matters--not government matters. Perhaps you want government sitting at your dinner table, and when you pass the biscuits to your daughter, government is there to take their few biscuits first before they pass the plate to your daughter. It's ridiculous.
People work hard to try and make their children's life better than theirs. They didn't go to work every day, take risks, only to hand their hard work over to government.
And learn how to read. The definition is usually measured in money that derives from capital or labor. I even highlighted the important part of the definition.
Do you know what
usually means? It means it's
usually from capital or labor,
but can be from other things. The bottom line is income is income. Inheritance is income that is currently excused from taxation. If I were a rich deadbeat, of course I'd report it. The risk is too great and I'd still be a millionaire deadbeat afterwards, just with a few less million. I didn't have to work for any of it anyway. You can whine all you want to protect your rich deadbeat heroes, but you're basically a clown grasping at straws, especially with your "Do you understand the term INCOME TAX? It means tax on income." crap and your inability to read and comprehend a basic English sentence.
Governments will always control the money that THEY create and enforce. If you think it's none of their business, then the rich should be barred from using the government for enforcing their property rights. So if someone kills them to steal their money, the government should just ignore them. After all, you say it's none of the government's business. That wasn't Trump's tune when he was getting bankruptcy protection from the government!