2 ms·
Dubner's point here is that the timing of the deaths did in fact cause the government to miss out on some tax revenue. I agree he's being a bit cute about the w
by brown9-2 16y ago
Dubner's point here is that the timing of the deaths did in fact cause the government to miss out on some tax revenue. I agree he's being a bit cute about the wording, but it is just a blog post - not a NYTimes cover news story. He's trying to make a point about the quirks and odd facets (some might call them ridiculous) of our tax code.
- spinlock 16y agoOr, maybe not. You see, this year, you not only get to avoid the death tax but you also miss out on the step-up in tax basis. So, you can pass assets down to your heirs tax free but they then have a much larger tax bill if they ever realize the gains on those assets.