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Topic	Politics Containment Topic 379: Kabulshit
LordoftheMorons 10/27/21 5:15:04 PM #478:	Another good tax change that was in the bill earlier but got killed was eliminating stepped up basis (basically, if I buy a stock for $10 and sell it at $100, Im taxed on $90. If I die when its at $60, however, the basis is stepped up from $10 to $60 for my heirs and when they sell it at $100 they only owe taxes on $40). I think part of the reason it got killed was that the Dems got greedy and also wanted death to be a realization event rather than just killing stepped up basis. --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:959446826] in Politics C... [t:79667835]...</cite> <quote>Another good tax change that was in the bill earlier but got killed was eliminating stepped up basis (basically, if I buy a stock for $10 and sell it at $100, Im taxed on $90. If I die when its at $60, however, the basis is stepped up from $10 to $60 for my heirs and when they sell it at $100 they only owe taxes on $40). I think part of the reason it got killed was that the Dems got greedy and also wanted death to be a realization event rather than just killing stepped up basis. --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
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