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Josh4520

Posted 8/20/2024 11:17 (#10858906 - in reply to #10858883)
Subject: RE: Elimination of stepped up basis

"Is it really that hard to make inheritance work with say a 25% fed/state tax?"

25% inheritance tax on land? Land that it took pretty much my entire life to pay for? Ok.....

Lets do a quick calculation on 100 acres.

100 X 12,000= 1,200,000

1,200,000*25% = $300,000

$300,000 that I would need to pay in 1 year to inherit 1 field

Ya that sounds solid. Sign me up!

Elimination of stepped up basis - Jon : 8/20/2024 10:15
- RE: Elimination of stepped up basis - JRthefarmer : 8/20/2024 10:42
  - RE: Elimination of stepped up basis - Morningdew : 8/20/2024 10:47
  - RE: Elimination of stepped up basis - IN555 : 8/20/2024 10:59
    - RE: Elimination of stepped up basis - timis : 8/20/2024 11:16
      - RE: Elimination of stepped up basis - Morningdew : 8/20/2024 11:19
        
        RE: Elimination of stepped up basis - nilbart : 8/20/2024 13:02
    - RE: Elimination of stepped up basis - Josh4520 : 8/20/2024 11:17
      - RE: Elimination of stepped up basis - IN555 : 8/20/2024 11:37
        
        RE: Elimination of stepped up basis - humblefarmer : 8/20/2024 11:48
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 11:58
        
        RE: Elimination of stepped up basis - humblefarmer : 8/20/2024 12:04
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 12:18
        
        RE: Elimination of stepped up basis - hillclimber : 8/20/2024 12:55
        RE: Elimination of stepped up basis - Thumpmaster : 8/20/2024 13:39
        The trouble is most of the increase is inflation and not real value or purchasing power. - Chief : 8/20/2024 19:35
        
        RE: Elimination of stepped up basis - Indrtfmr : 8/20/2024 12:17
        
        RE: Elimination of stepped up basis - Big Ben : 8/20/2024 15:07
        
        RE: Elimination of stepped up basis - Indrtfmr : 8/20/2024 16:21
        
        RE: Elimination of stepped up basis - Chief Illiniwek : 8/20/2024 13:25
        RE: Elimination of stepped up basis - Mark in WCIowa : 8/21/2024 12:06
        
        RE: Elimination of stepped up basis - JRCS Farms : 8/20/2024 14:36
        RE: Elimination of stepped up basis - Northforkfarm : 8/20/2024 15:15
        RE: Elimination of stepped up basis - Big Ben : 8/20/2024 15:17
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 15:39
        
        RE: Elimination of stepped up basis - Ks-notill : 8/20/2024 22:03
        RE: Elimination of stepped up basis - Big Ben : 8/21/2024 00:31
        
        RE: Elimination of stepped up basis - Crowcrick : 8/21/2024 05:55
      - RE: Elimination of stepped up basis - AVP_Matt : 8/20/2024 13:26
        
        RE: Elimination of stepped up basis - 2 full time jobs : 8/20/2024 14:46
        
        RE: Elimination of stepped up basis - Northforkfarm : 8/20/2024 15:36
    - RE: Elimination of stepped up basis - Agr723 : 8/20/2024 15:17
      - RE: Elimination of stepped up basis - IN555 : 8/20/2024 15:46
        
        RE: Elimination of stepped up basis - humblefarmer : 8/20/2024 16:02
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 16:18
        
        RE: Elimination of stepped up basis - humblefarmer : 8/20/2024 17:29
        
        RE: Elimination of stepped up basis - Joe Junior : 8/20/2024 16:27
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 16:36
        
        RE: Elimination of stepped up basis - 420c : 8/20/2024 16:49
        
        RE: Elimination of stepped up basis - cows-n-crops : 8/21/2024 00:18
        
        RE: Elimination of stepped up basis - IN555 : 8/21/2024 07:43
        
        RE: Elimination of stepped up basis - cows-n-crops : 8/21/2024 13:42
        RE: Elimination of stepped up basis - Joe Junior : 8/21/2024 14:30
        
        RE: Elimination of stepped up basis - Agr723 : 8/20/2024 17:07
        
        RE: Elimination of stepped up basis - Morningdew : 8/20/2024 17:10
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 17:17
        
        RE: Elimination of stepped up basis - Morningdew : 8/20/2024 17:20
        RE: Elimination of stepped up basis - GregWCIL : 8/20/2024 18:52
        
        RE: Elimination of stepped up basis - coup : 8/20/2024 18:59
        
        RE: Elimination of stepped up basis - GregWCIL : 8/20/2024 19:45
        
        RE: Elimination of stepped up basis - IN555 : 8/20/2024 20:10
        
        RE: Elimination of stepped up basis - coup : 8/20/2024 18:32
    - RE: Elimination of stepped up basis - GregWCIL : 8/20/2024 19:23
    - RE: Elimination of stepped up basis - Mark in WCIowa : 8/21/2024 11:14
  - RE: Elimination of stepped up basis - Aaron SEIA : 8/20/2024 11:35
    - RE: Elimination of stepped up basis - Josh4520 : 8/20/2024 11:44
      - RE: Elimination of stepped up basis - Morningdew : 8/20/2024 11:46
    - RE: Elimination of stepped up basis - IN555 : 8/20/2024 11:49
      - RE: Elimination of stepped up basis - humblefarmer : 8/20/2024 11:56
      - RE: Elimination of stepped up basis - Patriot81 : 8/20/2024 12:00
      - RE: Elimination of stepped up basis - Aaron SEIA : 8/20/2024 12:41
      - RE: Elimination of stepped up basis - GregWCIL : 8/20/2024 18:59
        
        RE: Elimination of stepped up basis - coup : 8/20/2024 20:27
      - RE: Elimination of stepped up basis - DaveMk : 8/21/2024 06:39
        
        RE: Elimination of stepped up basis - Boone & Crockett : 8/21/2024 07:14
        
        RE: Elimination of stepped up basis - Big Ben : 8/21/2024 08:40
    - RE: Elimination of stepped up basis - JRthefarmer : 8/20/2024 11:49
    - RE: Elimination of stepped up basis - AVP_Matt : 8/20/2024 13:05
    - RE: Elimination of stepped up basis - notillmc : 8/20/2024 14:30
      - RE: Elimination of stepped up basis - Simocattle : 8/20/2024 15:08
- RE: Elimination of stepped up basis - timis : 8/20/2024 10:58
  - RE: Elimination of stepped up basis - unlgrad : 8/20/2024 11:38
- RE: Elimination of stepped up basis - 806 Southern In : 8/20/2024 11:37
- RE: Elimination of stepped up basis - Distance Runner : 8/20/2024 11:54
  - RE: Elimination of stepped up basis - TJH : 8/20/2024 12:19
  - RE: Elimination of stepped up basis - Big Ben : 8/20/2024 15:28
  - RE: Elimination of stepped up basis - Boone & Crockett : 8/21/2024 03:50
- Keep in mind - JRthefarmer : 8/20/2024 11:55
  - RE: Keep in mind - swne : 8/20/2024 12:03
  - RE: Keep in mind - D6Joe : 8/20/2024 12:48
    - RE: Keep in mind - swne : 8/20/2024 19:24
  - RE: Keep in mind - Leonards : 8/20/2024 15:30
    - RE: Keep in mind - Joe Junior : 8/20/2024 15:34
  - RE: Keep in mind - hinfarm : 8/21/2024 09:21
- RE: Elimination of stepped up basis - Farmer087 : 8/20/2024 12:26
- RE: Elimination of stepped up basis - Little papa : 8/20/2024 17:42
- RE: Elimination of stepped up basis - coup : 8/20/2024 18:45
  - RE: Elimination of stepped up basis - Jon : 8/20/2024 19:24
    - RE: Elimination of stepped up basis - Patriot81 : 8/20/2024 19:48
  - RE: Elimination of stepped up basis - Patriot81 : 8/20/2024 19:47
- How about we try this - Crowcrick : 8/20/2024 20:20
  - RE: How about we try this - stlcardsfan : 8/20/2024 20:31
  - RE: How about we try this - coup : 8/20/2024 20:34
    - RE: How about we try this - Crowcrick : 8/20/2024 20:38
      - RE: How about we try this - coup : 8/20/2024 20:40
        
        RE: How about we try this - Crowcrick : 8/20/2024 20:46
        
        RE: How about we try this - Big Ben : 8/20/2024 21:29
        RE: How about we try this - coup : 8/20/2024 22:05
        
        RE: How about we try this - Crophugger2.0 : 8/20/2024 22:08
        RE: How about we try this - Crowcrick : 8/20/2024 22:20
        
        RE: How about we try this - coup : 8/21/2024 06:22
        
        RE: How about we try this - illinidirtfarmer : 8/20/2024 22:23
        
        RE: How about we try this - Crowcrick : 8/20/2024 22:42
        
        RE: How about we try this - Mark in WCIowa : 8/21/2024 12:11
        RE: How about we try this - illinidirtfarmer : 8/21/2024 22:29
        
        RE: How about we try this - gthompson97 : 8/21/2024 07:56

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