Problem
Prohibitive death duties
Other Names:
Distortionary inheritance taxes Nature:
Failure to account for government duties applied to inheritance can result in undesired sale of family property, inadequate provision for a surviving spouse and other family stresses.
Incidence:
In the UK, inheritance tax on Estates start at 40% for estates in excess of £128,000.
Broader Problems:
Discredited moneyed hereditary classDenial of right to a people to freely dispose of natural wealth Related Problems:
Unmanageable cost of dyingDependence within extended families Aggravates:
Denial of right to inherit property Reduces:
Personal wealthInheritance of widowsAccumulation of capitalUnequal income distribution within countries Subject(s):
Commerce → PropertyCommerce → Taxation
Life → Death
Societal Problems → Distortion
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST