By: Elena Grace Flores
Ill-Gotten Wealth or Collect P203-B in Estate Taxes?
Bongbong Marcos was right not to attend the Comelec debate. Despite being unable to defend himself from criticisms over his family’s alleged nonpayment of the said P203-B in estate taxes, his rivals Leni, Ping, Isko, and Ka Leody talked like they are experts in the subject. But comments show that their views are conflicting with their own ill-gotten wealth accusation.
Logical Question from a Political Analyst
Professor Antonio Contrras said to Leni, Ping, Isko and Ka Leody: If you insist that the government should collect the estate tax of the deceased Marcos Sr. which you claim to be a whopping 203 billion pesos, then are you admitting that most of his wealth is not ill-gotten?
An estate tax attaches only to legitimately owned estate that can be passed on to their heirs and not to ill-gotten ones which are forfeited in favor of government. Besides, no one can compel the Marcoses to pay for them if they do not want to claim them.