Estate tax grossly unfair
The Dec. 15 letter headlined “1 percenters should pay” is so indicative of present day progressive society. The need to have someone else’s hard-earned money redistributed to society as a whole comes right out of Karl Marx and Friedrich Engels.
In response to the writer, first and foremost the estate tax is nothing more than double taxation because those funds were already taxed when they were earned. It should be abolished immediately. After all, it is the taxpayer’s money, not the government’s.
I am 68 years old, on Social Security and have a 401k. I went to college, got a degree and was fortunate throughout most of my working career to obtain good-paying jobs, none of which did I receive from a poor man.
As a result, my monthly Social Security amount covers all of my expenses and leaves a little left over. But the fact remains, I worked for it.
It just really upsets me that should I return to the work force and make over $25,000, then 85 percent of those benefits would be taxable. This is also form of double taxation and should be repealed.
All forms of double taxation, whether dividends or the examples above, should be eliminated.
Unfortunately, that will never happen because the government just can’t get enough of your hardearned money, even if it is double taxation.
Ray Kolander, Las Vegas