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I guess stepped up basis is considered a loophole
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Posted 6/30/2020 08:46 (#8344894 - in reply to #8344877)
Subject: RE: I guess stepped up basis is considered a loophole

S Illinois
I guess my viewpoint was more looking forward. This is definitely a now issue however for agriculture. Thank you for bringing it to our attention.

Edit: An additional part is just the elimination of roadblocks and obstacles to the economy. The arbitrary nature of taxes owed on something based on random days never made sense. To owe tax on something sold one day and then if held until death no taxes were owed, seems like a wrench in free flow of capital and assets that isn’t necessary. Here again your nuts and bolts and I guess I am arguing pie in the sky ideas.

Edited by w1891 6/30/2020 08:52
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