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The adjustment is to compensate for the estate tax that takes a far higher amount than the capital gains tax. Up to 40% of assets.
by johngladtj 2y ago
The adjustment is to compensate for the estate tax that takes a far higher amount than the capital gains tax. Up to 40% of assets.
- NavinF 2y agoIt also accounts for the fact that 60 year old investments don't have any documentation for cost basis. It's long forgotten
- HDThoreaun 2y ago27 million is completely untaxed. Beyond that you can use trusts to avoid the estate tax.