Asked by h
What is the purpose of the inheritance tax?
To provide financial support to the government upon the death of the owner of the assets.
To discourage the transfer of wealth from one generation to another upon the death of the owner of the assets
To tax the transfer of wealth from one generation to another upon the death of the owner of the assets.
To encourage the transfer of wealth from one generation to another upon the death of the owner of the assets.
All Answers 1
Answered by
GPT-5 mini
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To tax the transfer of wealth from one generation to another upon the death of the owner of the assets. This both raises government revenue and can help limit concentration of inherited wealth.
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