Paper Topic: Is inheritance fair?
• Many countries have an inheritance tax (a percent tax of money that must be paid on money that is inherited).
For example, in the UK all money that is inherited under $325k pounds (roughly $560k Canadian dollars) is not taxed but any amount of money inherited over that is taxed at 40%. Canada does NOT have an inheritance tax currently, should it?
Make two arguments for why Canada should introduce an inheritance tax.
Make two arguments for why Canada should NOT introduce an inheritance tax.
Conclude by stating whether there would be an inheritance tax, what percent it would be, and at what threshold money would start to be taxed if it was up to you to decide the matter.
For example, Canada should adopt an inheritance tax of 30% with a threshold of $500,000 (i.e. money inherited up to this amount is not taxed, money inherited over this amount is taxed at 30%).
Paper Format & Requirements:
• Assignment MUST be 3 – 4 pages double-spaced (not including the title page and works cited
page).
You MUST use 12 point Times New Roman Font and “Normal” or 1 inch margins.
• You MUST have a cover page stating your Title, Name, Course, Professor, citation style used, and date of submission. This page should also include a sentence stating that you understand what plagiarism is and have used citations when borrowing the ideas or words of others. And another sentence acknowledging that the minimum penalty for plagiarism is a grade of 0 on the assignment.
• You MUST use page numbers.
• You MUST include a works cited page.
• You can use ANY citation style you wish. HOWEVER, you must be consistent and use only
one style, you must state what style you used on the cover page, and it must be a documented
and well-known style (i.e. no making up your own, otherwise any documented style is fine).
• You MUST use a minimum EIGHT sources
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