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I guess stepped up basis is considered a loophole
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w1891
Posted 6/30/2020 07:34 (#8344711 - in reply to #8344635)
Subject: RE: I guess stepped up basis is considered a loophole


S Illinois
Would not be a fun one if repealed but from a logic standpoint why should income due to ownership of something not be taxed the same way a laborer is. We have become so enamored with the superiority of “capital” that we let labor languish. How about we just make all income the same and lower the rates.
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