12 March 2008
Reason #28.7M Not To Use Banks
Two sisters in Japan are accused of trying to evade 28.7 million dollars worth of inheritance taxes by keeping the assets from their deceased father's estate in the garage.
So over one third is supposed to go to the government? I'm definitely for getting rid of inheritance taxes now. The government didn't do anything to earn that money and it's already been taxed by the Japanese government. Why should any government profit from someone dying?
You might think the guy would have planned better though... I mean, cardboard boxes in a garage? Come on!! I would have built my own bank and then let the government try to figure out my estate. Heh.
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Their father, who was in the real-estate lease business, died in 2004, leaving $72.9 million to his family.
So over one third is supposed to go to the government? I'm definitely for getting rid of inheritance taxes now. The government didn't do anything to earn that money and it's already been taxed by the Japanese government. Why should any government profit from someone dying?
You might think the guy would have planned better though... I mean, cardboard boxes in a garage? Come on!! I would have built my own bank and then let the government try to figure out my estate. Heh.
Posted by: Stashiu3 at
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