When Bill died in 2014, he left his children $300,000 in cash (generated from labor earnings), a

Question:

When Bill died in 2014, he left his children $300,000 in cash (generated from labor earnings), a $2.5-million home he had purchased (with labor earnings) for $100,000 in 1985, and $3.2 million in stock that he had purchased (with labor earnings) for $300,000 in 1990. Evaluate the argument that the estate tax represents double taxation of Bill's income.