The Soapbox

81_Hokie

Joined: 03/16/2005 Posts: 16392
Likes: 28628


I don't see any good reason for passing on 100 Billion to Bill's kids with


no tax implications. What's your rationale? Anything other than taxes are evil? The shares were Bill's, Bill would be gone. Let his estate pay the taxes that have accrued over his life. Give them to somebody with a cost basis as of the date of transfer. That will actually increase future efficiency of capital allocation and liquidity since the kids will not be so hesitant to realize the gain since it's gets set to the date of transfer. What's the down side of that?

(In response to this post by Stimp)

Posted: 08/14/2020 at 4:08PM



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