How does it screw heirs?

If I were king, I would propose letting basis travel and get rid of the estate tax.

I submit death should not be a triggering event for avoiding capital gains (which step-up does). If I give my son or daughter $10,000 of AAPL that I purchased for $1,000, both MV and basis carry. That should be the deal in death transference, too.

I just don't see how receiving something in inheritance where I control the tax recognition (if step up is eliminated) 'screws me'.

To answer your question, the estate tax will not be eliminated. Most likely the exemption will double with step up preserved.

In response to this post by Hoogle.com

Posted: 12/04/2017 at 11:11AM

Has this comment from Chuck Grassley been discussed? -- hooshouse 12/04/2017 06:39AM

Estate tax reform question: if the tax is eliminated do heirs take the -- Hoogle.com 12/04/2017 10:42AM

How does it screw heirs? -- Stimp 12/04/2017 11:11AM

In other words, for a token tax ( or no tax), death conveys a step up. ** -- Hoogle.com 12/04/2017 11:35AM

GOP will deliver the biggest gift to billionaires possible -- NJHoo 12/04/2017 10:59AM

The senate plan retains the estate tax but doubles the exemption -- BocaHoo91 12/04/2017 11:32AM

Surely there's some middle ground between "all poor people are welfare -- CharlestonSC 12/04/2017 10:28AM

That's just the smartphone service plan welfare programs of the carriers -- Hoo TV 12/04/2017 10:50AM

Further justification to cut SS and Medicare to pay for the tax cuts. ** -- HoosWillWin 12/04/2017 08:36AM

BAFSTVs ** -- WahooRQ 12/04/2017 08:11AM

A lot of the poor use food stamps to buy alcohol ** -- FfxStationHokie 12/04/2017 07:55AM

No better summary of the modern GOPs "fuck the poors" prejudices ** -- Hood 12/04/2017 07:37AM

How does it screw heirs?

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