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w1891

Posted 6/30/2020 08:20 (#8344840 - in reply to #8344837)
Subject: RE: I guess stepped up basis is considered a loophole

S Illinois

You have little idea on how taxes are structured with that statement.

Edit: You buy a $1,000 capital asset. You were taxed a single time on the income to purchase that asset. Inflation causes that asset to appreciate to $2000. Currently no tax is owed upon death. Even if sold before death you would only be taxed on the $1000 gain. Where are you coming up with a double or triple tax?

Edited by w1891 6/30/2020 08:22

I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 06:59
- But MUH Biden, gotta have "orange man bad" get out, screw everything else - flyingfarmerNebraska : 6/30/2020 07:01
  - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - Getoffmylawn : 6/30/2020 07:21
    - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - Joelt : 6/30/2020 07:39
      - Okay - Getoffmylawn : 6/30/2020 09:25
        
        RE: Okay - Indrtfmr : 6/30/2020 09:31
        
        RE: Okay - Getoffmylawn : 6/30/2020 10:42
        
        RE: Okay - bobbyg : 6/30/2020 12:51
        
        RE: Okay - Douglas : 6/30/2020 13:37
        
        RE: Okay - greencountry : 7/1/2020 07:17
    - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - Baby Robin : 6/30/2020 07:44
    - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - Oliver1 : 6/30/2020 08:00
    - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - mcfarm : 6/30/2020 08:07
      - RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - Getoffmylawn : 6/30/2020 09:09
        
        RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - RCR : 6/30/2020 10:25
        
        RE: But MUH Biden, gotta have "orange man bad" get out, screw everything else - thor : 7/1/2020 17:12
- RE: I guess stepped up basis is considered a loophole - ctlfarmer : 6/30/2020 07:06
- RE: I guess stepped up basis is considered a loophole - AGDEAL : 6/30/2020 07:07
  - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 07:12
    - RE: I guess stepped up basis is considered a loophole - praire dog : 6/30/2020 07:17
      - RE: I guess stepped up basis is considered a loophole - dogg4585 : 6/30/2020 07:20
        
        old news..?? - JonSCKs : 6/30/2020 07:51
        
        RE: old news..?? - H3f : 6/30/2020 09:31
        
        RE: old news..?? - Indrtfmr : 6/30/2020 09:35
        
        RE: old news..?? - Tank2516 : 6/30/2020 10:22
    - RE: I guess stepped up basis is considered a loophole - Baby Robin : 6/30/2020 07:20
      - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 07:37
    - RE: I guess stepped up basis is considered a loophole - kst1 : 6/30/2020 09:28
    - RE: I guess stepped up basis is considered a loophole - purplepride0 : 6/30/2020 11:17
      - RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 11:30
  - yes - Dave NWIL : 6/30/2020 08:11
    - RE: yes - Boone & Crockett : 6/30/2020 08:18
      - RE: yes - Dave NWIL : 6/30/2020 08:32
        
        RE: yes - dogg4585 : 6/30/2020 08:52
        
        RE: yes - Boone & Crockett : 6/30/2020 09:16
- RE: I guess stepped up basis is considered a loophole - WeaveFarmer : 6/30/2020 07:15
  - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 07:22
    - RE: I guess stepped up basis is considered a loophole - STOMN : 6/30/2020 07:37
      - RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 07:54
        
        RE: I guess stepped up basis is considered a loophole - Gearclash : 6/30/2020 09:47
        
        RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 11:40
      - RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 09:34
      - RE: I guess stepped up basis is considered a loophole - tw35 : 6/30/2020 11:06
- RE: I guess stepped up basis is considered a loophole - ctlfarmer : 6/30/2020 07:15
- RE: I guess stepped up basis is considered a loophole - jack1 : 6/30/2020 07:24
  - RE: I guess stepped up basis is considered a loophole - White Workhorse : 6/30/2020 12:28
- RE: I guess stepped up basis is considered a loophole - dittfarms : 6/30/2020 07:25
- RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 07:34
  - RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:05
    - RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 09:38
  - RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:10
    - RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 08:18
      - RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:20
        
        RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 08:21
        
        RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:27
        
        RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 08:33
        
        RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:44
        
        RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 08:59
        RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 09:41
        
        RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 10:16
        
        RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 10:37
        
        RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 10:58
        
        RE: I guess stepped up basis is considered a loophole - Indrtfmr : 6/30/2020 09:50
        
        RE: I guess stepped up basis is considered a loophole - IowaGuy : 6/30/2020 10:51
        
        RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 11:03
      - RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 08:52
        
        RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 10:07
        
        RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 13:37
        
        RE: I guess stepped up basis is considered a loophole - Douglas : 6/30/2020 13:40
    - RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:24
    - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 08:26
      - RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:34
        
        RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 08:36
        
        RE: I guess stepped up basis is considered a loophole - w1891 : 6/30/2020 08:46
  - RE: I guess stepped up basis is considered a loophole - Gearclash : 6/30/2020 09:42
- RE: I guess stepped up basis is considered a loophole - McFarmer : 6/30/2020 07:38
  - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 07:52
- RE: I guess stepped up basis is considered a loophole - Dirk Diggler : 6/30/2020 07:41
  - RE: I guess stepped up basis is considered a loophole - mcfarm : 6/30/2020 07:49
    - Dynasty Trust would that protect everything you - dlwfarms52 : 6/30/2020 08:00
  - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 08:01
- RE: I guess stepped up basis is considered a loophole - Jackrabbit : 6/30/2020 08:22
  - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 08:31
    - RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 09:24
      - RE: I guess stepped up basis is considered a loophole - ctlfarmer : 6/30/2020 09:33
        
        RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 10:25
        
        RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 14:37
        
        RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 15:05
        
        RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 19:57
        
        RE: I guess stepped up basis is considered a loophole - Grhog : 6/30/2020 21:12
        
        RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 23:12
        
        RE: I guess stepped up basis is considered a loophole - Douglas : 6/30/2020 15:05
        
        RE: I guess stepped up basis is considered a loophole - H3f : 6/30/2020 23:02
    - RE: I guess stepped up basis is considered a loophole - RealFarmer : 6/30/2020 09:45
      - RE: I guess stepped up basis is considered a loophole - Boone & Crockett : 6/30/2020 10:47
- RE: I guess stepped up basis is considered a loophole - mn_feeder : 6/30/2020 08:30
  - RE: I guess stepped up basis is considered a loophole - boatload : 6/30/2020 09:08
    - RE: I guess stepped up basis is considered a loophole - mcfarm : 6/30/2020 09:14
      - RE: I guess stepped up basis is considered a loophole - boatload : 6/30/2020 11:58
  - RE: I guess stepped up basis is considered a loophole - Big Ben : 6/30/2020 09:57
- RE: I guess stepped up basis is considered a loophole - turdypointbuck : 6/30/2020 09:34
- RE: I guess stepped up basis is considered a loophole - ruralHusker : 6/30/2020 09:34
- RE: I guess stepped up basis is considered a loophole - fatan sassy : 6/30/2020 09:36
- RE: I guess stepped up basis is considered a loophole - Distance Runner : 6/30/2020 14:51
  - RE: I guess stepped up basis is considered a loophole - farmerkev : 6/30/2020 15:27
    - RE: I guess stepped up basis is considered a loophole - Distance Runner : 6/30/2020 16:01
      - RE: I guess stepped up basis is considered a loophole - Grhog : 6/30/2020 18:07
        
        In reply to RealFarmers question on how to get ahead of this - Boone & Crockett : 6/30/2020 19:05
        
        RE: In reply to RealFarmers question on how to get ahead of this - trapperjon : 7/1/2020 06:01
  - RE: I guess stepped up basis is considered a loophole - trapperjon : 7/1/2020 06:17
    - RE: I guess stepped up basis is considered a loophole - Distance Runner : 7/1/2020 14:35
- RE: I guess stepped up basis is considered a loophole - pat-michigan : 7/1/2020 09:02
  - RE: I guess stepped up basis is considered a loophole - Douglas : 7/1/2020 13:33
    - RE: I guess stepped up basis is considered a loophole - pat-michigan : 7/1/2020 14:38
- Eliminate 1031 - jonas grumby : 7/1/2020 14:56
  - RE: Eliminate 1031 - pat-michigan : 7/1/2020 15:33

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