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I guess stepped up basis is considered a loophole
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Indrtfmr
Posted 6/30/2020 09:50 (#8345031 - in reply to #8344893)
Subject: RE: I guess stepped up basis is considered a loophole


NW in.
The government is counting on uninformed financial people like you to extract more money from the private sector. According to your logic the ground isn't really yours if they can tax it again after you paid for it. If you want to be fair if you bought land at twenty and sell it at ten the government should send you a check for ten.
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