Nowhere near as much as if we taxed them.
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
Because the government has taxed us to much and been printing to much money for themselves!
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
Because the British spent so much money on the french and Indian war.
money
No, but a player will have his prize money taxed.
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
because the government needs money
The receiver won't get taxed, the giver will. On gifts that don't fit the exclusion which is generally $13,000 per year per giver per receiver.
The gift tax is on the one who gives, not the one who receives it.
yes