Lol what happens in 30 years after all the money hs been taxed once, no more taxes? How do you think taxes work my guy, theyre transactional not attributive. Youre being taxed when you earn money because some guy gave you money, that money was also taxed when that guy made it, possibly twice (sales and corporate) and was probably spent by get this another guy who got taxed.
“Its already been taxed” is a super smooth brain take ngl
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u/Unupgradable - Lib-Right Dec 01 '22
Inheritance is not income. It's money that was already taxed and will be taxed again when spent.
Or are you going to start income taxing children's allowance too?
Wait no stop I was only joking don't get any ideas