AgTalk Home
AgTalk Home
Search Forums | Classifieds | Skins | Language
You are logged in as a guest. ( logon | register )

I guess stepped up basis is considered a loophole
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
Boone & Crockett
Posted 6/30/2020 08:18 (#8344838 - in reply to #8344823)
Subject: RE: yes

Dave NWIL - 6/30/2020 08:11

Biden to donors: 'I’m going to get rid of most of Trump’s tax cuts ‘and a lot of you may not like that.' Presumptive Democratic nominee Joe Biden told potential donors to his campaign that his administration would end most of President Donald Trump’s multitrillion-dollar tax cuts — even though “a lot of you may not like that... I’m going to get rid of the bulk of Trump’s $2 trillion tax cut, but I’m going to close loopholes like capital gains and stepped up basis.”
And the real kick to the gonads as I perceive it, would be the tax owed would then be at ordinary income rates, combined with state taxes owed could be as much as 50% of the gain, past the personal exemption, whatever the number may be.

Edited by Boone & Crockett 6/30/2020 08:19
Top of the page Bottom of the page

Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)