AgTalk Home
AgTalk Home
Search Forums | Classifieds (124) | Skins | Language
You are logged in as a guest. ( logon | register )

I guess stepped up basis is considered a loophole
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
Posted 6/30/2020 14:37 (#8345599 - in reply to #8345090)
Subject: RE: I guess stepped up basis is considered a loophole

Ok, completely eliminate the estate tax and the stepped up basis.  There is a unpaid tax built into most farm operations (estates) that is forgiven at death.

There was a post on NAT a few years ago that really pointed this out.  Posters son had wanted to buy some ground from poster, poster told him to buy somebody else's ground, you will inherit mine.  This makes tax and investment sense for poster and son, but does this make sense for America.  This policy leads to consolidation of wealth in fewer hands.

Top of the page Bottom of the page

Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete all cookies set by this site)