This is because he underestimated the intention of the Democratic Party, including Chairman Lee Jae-myung, to revise the inheritance tax. On the 23rd, Rep. Lim wrote on his SNS, "The People's Power and the government have already increased the family business inheritance deduction to 60 billion won.
"The maximum shareholder premium has also been significantly relaxed," he said, asking, "Is there any country in the world that will deduct 60 billion won in personal taxes?"
He also asked again, "Are there any middle-class or ordinary people who can receive the tax deduction benefits?"
He then said, "It seems that the number of large bakery cafes in the suburbs of Seoul has more than doubled in recent times in an attempt to save 60 billion won in taxes."
At the same time, "However, the People's Power also lowered the highest inheritance tax rate,
They are abolishing all shareholder premiums and raising the family business inheritance tax deduction to 120 billion won. They are only interested in a set of three inheritance tax cuts for the super-rich that have nothing to do with ordinary people.”
He also said, "If the government and the People's Power lawmakers had not insisted on lowering the highest tax rate in November last year, the bill to ease the inheritance tax burden on the middle class would have already passed the parliament."
"When the Liss administration was considering pushing ahead with inheritance tax reform, it said that the Korean inheritance tax system was exemplary and that it should be emulated, but I think the reason for this is that the system is set up so that the inheritance tax burden increases the richer you are," he said.
Rep. Lim said, "Developed countries are trying to emulate Korea's inheritance tax model, but I want to ask for whom the People Power Party is trying to undermine the foundations of the inheritance tax."
The spouse deduction and lump-sum deduction have remained at 500 million won for 28 years. In the meantime, the price of apartments in Seoul has quadrupled and the price of apartments nationwide has tripled. The urgent priority now is not to cut taxes for the super-rich, but to improve the apartment tax rate.
"We need to fine-tune the middle-class inheritance tax, which has increased due to rising prices," he said. "We need an inheritance tax that protects ordinary families and middle-class homes," he said, claiming, "The Democratic Party is trying to do that."
Following that, Lee Jae-myung, the leader of the Democratic Party, shared Rep. Lim's post and urged him to "stop lying behind closed doors and have a public debate if you really have nothing to be ashamed of."
If there are any, we should start by normalizing the unacceptable increases in income tax, etc."
2025/02/23 14:41 KST
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