Posted 6/30/2020 10:16 (#8345076 - in reply to #8345017) Subject: RE: I guess stepped up basis is considered a loophole
S Illinois
And that time value should reset with each person. When transferred without regards to valuation the next generation is given that time value with no regards to their own production. So the time value compounds much more quickly each successive generation. That puts much less value on current labor than prior labor. It also exacerbates the inflation in the economy.
I guess stepped up basis is considered a loophole
