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.