The state was reliable for years with the cold progression – only in 2023 will the insatiable state start dismantling.
(Photo: IMAGO/Metodi Popov)
There has been a dispute over the fair taxation of inheritances for years. Every year, 400 billion euros are inherited or given away. The income from inheritance tax amounts to around eleven billion euros.
No wonder that, in view of these figures, the debate about allowances, valuation discounts and exemptions, especially for business assets, continues. Some polemicize about inheritances as unearned income. The others point out that behind it is a lifetime achievement that has become one’s property.
However, many parents want their children to inherit the house they have built and maintained. This also applies to the many craftsmen and family entrepreneurs who want to pass on their businesses to their descendants. Such justice debates are particularly popular at Christmas.
However, what has nothing to do with this thoroughly justified fundamental debate about justice is a current secret tax increase for inheritance. Trust in state institutions is alarmingly low anyway. A passage in the annual tax law should fuel this development further.
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Almost unnoticed by the public, inheritance tax will be increased by as much as a few hundred percent as of January 1st. Behind the harmless-sounding sentence “adaptation of the regulations for real estate valuation” hides a silent tax increase for every citizen whose property has increased in value in recent years.
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The allowances for the children are often no longer sufficient. If you don’t want to take out a loan, you have to sell your parents’ house. Instead of increasing the allowances, there is now an undignified buck game between the federal and state governments as to who will bear the costs.
The insatiable state continues to cash in
Anyone who thinks this is an isolated case is wrong. The state was reliable for years with the cold progression, a creeping tax increase. This means the effect that someone slips into a higher tax rate through a wage increase that at most compensates for inflation. The state still earns billions with it today, and the insatiable state will not start dismantling it until 2023.
Whether secretly or insidiously, taxpayers feel that their distrust is confirmed by the fact that the traffic light coalition’s promise not to increase taxes is not worth much. The preparations for this are already officially in full swing. The Advisory Council, an advisory body to the federal government, advocates higher taxes and energy solos. The SPD and the Greens agree on the redistribution anyway. In this case, however, openly.
More: If you want to give away your property this year, you should pay attention to these three points