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I guess stepped up basis is considered a loophole
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neon
Posted 6/30/2020 08:21 (#8344848 - in reply to #8344820)
Subject: RE: I guess stepped up basis is considered a loophole


Society has decided that they cannot guarentee against a loss on that revenue used as a capital investment that they had to sweeten the pot . Those capital assets are what enables an economy to have labor jobs which have no loss revenue. Labor has weekends off, paid holiday off with no risk of revenue loss. A capital asset loss means no jobs no weekend off no paid holidays or paid vacations.
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