What do you think of having to pay inheritance tax on the money left to you by people who have died?

Good day Sir [이름]!

Thanks for sending your composition.

You did great on your essay.

I totally agree with you, the tax rate should be reasonable.

The people should know the reasons why they pay higher taxes and should be explained what are those for.

Because not all people fully understand this matter.

Have a great day.
Teacher Nina

Almost all the governments or countries have laws related to an inheritance tax (estate tax) and a transfer tax (gift tax), is it right for a government to levy such taxes?

>> Correct

What about an income tax?

>> Correct

Although a government is not a profitable organization, it still needs revenues to run the country so that it collects money from its people in the name of taxes.

>> Correct

Think about the famous proverb that when there is an income, there is a tax.

>> Correct

If fairness is guaranteed in paying inheritance taxes, people will have little thing against it, however, the disputable thing is whether the estate or the gift tax rate is appropriate.

>> Correct

The inheritance tax rate tends to be much higher than that of regular income taxes because the beneficially has not actually contributed to building wealth.

>> Correct  

Some countries levy more than 50% of inherited amount as an inheritance tax, so many people seek various ways to avoid the high tax.

>> Correct

>> Some countries levy more than 50% of the inherited amount as an inheritance tax, so many people seek various ways to avoid paying higher taxes.

I think that paying inheritance tax is right, but the tax rate should be reasonable.

>> Correct