Quote Originally Posted by LDAHL View Post
So you tax income, period; and all wealth is the result of income. Therefore all wealth is taxable?
She said income. Not wealth. Income is wealth that comes in, not wealth that is already there. When someone inherits, their benefactors wealth leaves the benefactor's estate and comes in to the beneficiary's assets.

Read it again. You'll see that it is talking about "money that moves".