4 purposes in imposing estate tax
The following are purposes for the imposition of estate tax:
[1] To help in the diffusion of wealth and to avoid the concentration of wealth in fewer hands;
[2] To generate additional revenue for the government so it can operate and provide the services due to the people;
[3] To pay the government back for the protection given to the person of the decedent or testator and to his property;
[4] To pay the government back for the economic prosperity that the decedent or testator enjoyed during his lifetime, enabling him to buy property; and
[5] To allow the living to enjoy the property of the dead.
[1] To help in the diffusion of wealth and to avoid the concentration of wealth in fewer hands;
[2] To generate additional revenue for the government so it can operate and provide the services due to the people;
[3] To pay the government back for the protection given to the person of the decedent or testator and to his property;
[4] To pay the government back for the economic prosperity that the decedent or testator enjoyed during his lifetime, enabling him to buy property; and
[5] To allow the living to enjoy the property of the dead.