2 ms·
The anti-estate tax lobby has masterfully branded it a death tax implying that it’s a tax when you die. There’s a huge tax waiver in the form of stepped up cost
by supertrope 5y ago
The anti-estate tax lobby has masterfully branded it a death tax implying that it’s a tax when you die. There’s a huge tax waiver in the form of stepped up cost basis - capital gains tax is calculated using the share value when inherited not on grandpa’s purchase price.
- votepaunchy 5y agoNote that the step-up in basis is something the Biden administration is looking to reduce to $1M/person.