3 ms·
Except that's not a loophole since the estate will be taxed at the step-up basis. If you bought $20M in assets 25 years ago that are now worth $200M, the step-u
by anonfordays 2y ago
Except that's not a loophole since the estate will be taxed at the step-up basis. If you bought $20M in assets 25 years ago that are now worth $200M, the step-up occurs so you don't pay capital gains, but you still pay federal estate taxes which is roughly 40%. He hand waves it by talking about moving the assets to an irrevocable trust, but that action is a taxable event... The post is a LARP from a reddior.