Inheritance tax
I know I was warned about the perils of reading Janet Daley's column, but I forgot, and so unfortunately you can share my misery.Today she is going on and on about inheritance tax, which as we know is a more Evil tax than income tax or VAT or any of the others. She hasn't bothered to understand it - the following paragraph is factually incorrect (as the slightest of checks would have told her, and indeed given she mentions the allowance later one can only assume it was for the purposes of making her argument seem stronger).
But the children who have presumably been at the centre of their shared lives – for whom they have worked, saved and aspired together – will be hit, on the death of the second, by a 40 per cent tax on whatever is left to them.
Furthermore her main complaint is the advantages given to those who are married (or in civil partnerships) compared with those who aren't. Yet this is the same Janet Daley who has been a forceful advocate for the restoration of the Married Couple's Allowance for at least ten years.
posted by Matthew @ 9/04/2006 12:11:00 PM
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