LogFAQs > #983615106

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Topic	Video on how the ultra wealthy get out of paying taxes
uwnim 01/10/25 7:38:57 PM #9:	UnsteadyOwl posted... Die: If they sell the asset during their lifetime they pay tax on the value it gained since they bought it. If they hold it until they die and pass it on to an heir and the heir sells it, they only pay tax on the value it gained since the transfer, not since it was originally purchased. This allows the inheritor to get all the realized gains on an assets with most or all of those gains never being taxed. This is the stepped-up basis loophole. This is the part that should be changed. When you die, all your unrealized gains should be taxed. --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] <cite>uwnim posted [p:983615106] in Video on h... [t:80915884]...</cite> <quote>UnsteadyOwl posted... </cite><quote>Die: If they sell the asset during their lifetime they pay tax on the value it gained since they bought it. If they hold it until they die and pass it on to an heir and the heir sells it, they only pay tax on the value it gained since the transfer, not since it was originally purchased. This allows the inheritor to get all the realized gains on an assets with most or all of those gains never being taxed. This is the stepped-up basis loophole.</quote>This is the part that should be changed. When you die, all your unrealized gains should be taxed. --- I want a pet Lavos Spawn.[Order of the Cetaceans: Phocoena dioptrica]</quote> ... Copied to Clipboard!
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