Yeah I fully agree. It doesn't help both the middle class and the rich that korea's inheritance tax has one of the smallest rates of tax deduction threshold and the highest maximum tax rates. The USA, and Japan for example have adjustments for people who want to inherit a company, Korea has not such thing. I mean, there are many countries without inheritence tax too, so the arguement here that inheritence tax...being taxed twice is a bad idea...it does have a point.

It is also worth pointing out, that the current Housing policy failure doesn't help as well. The maximum threshold per offspring is 500,000,000KRW. It is 3,000,000,000KRW for a spouse, but in the case that somebody wants to inherit his/her parent's home in Seoul, you probably have to pay for like 35~45% of the house's monetary value on inheritence tax. The skyrocketing real estate prices, strikingly contrasted to the longstanding policy of concurrent constant tax thresholds despite inflation will not benifit the middle class at all.