Why are estate taxes controversial? What is the reasoning behind gift taxes? For what non revenue reasons are taxes collected?

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Why are estate taxes controversial? What is the reasoning behind gift taxes? For what non revenue reasons are taxes collected?



Answer:

-prevents families from continuously passing on their wealth tax free.
-without a gift tax, someone w a sizable estate could give away a large portion of their property before death and escape death taxes altogether.
-for the purpose of regulating and even discouraging some activity that congress thinks is harmful or dangerous to the public.

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