Quote by Olin Miller
Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam.
Summary
This quote suggests that the high taxes imposed on inherited wealth are beneficial to the government, represented by Uncle Sam, in terms of tax revenue. It implies that when a wealthy individual passes away, the government stands to gain significantly from the estate's taxation, and thus is characterized as a "happy mourner." The quote portrays inheritance taxes as disproportionately burdensome on the wealthy, ensuring that a significant portion of their wealth is channeled towards the state rather than passed on to their heirs.
Topics
Taxation
By Olin Miller
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