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Cake day: July 2nd, 2023

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  • I’m specifically talking about very low income families since I am talking about the general pros and cons of applying an inheritance tax to all citizens since we are discussing why the inheritance tax might have been removed in Austria / German. I’m not familiar with international tax law to be more specific about income levels so I’m trying ro cover all bases.

    If a poor family is sharing a car or a family restaurant, it could be very damaging to have to pay tax on these assets if they don’t have savings.

    I understand that this doesn’t apply to families with large assets and I agree that an inheritance tax is generally a good thing when applied progressively.