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I guess stepped up basis is considered a loophole
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Douglas
Posted 7/1/2020 13:33 (#8347703 - in reply to #8347150)
Subject: RE: I guess stepped up basis is considered a loophole


Central North Carolina

^ Don't think either 1 or 2 are  correct. 1 the wealth wealth in this country is financial investments (75%) and homes. 2. The secretary that gets stock vs. wages has to treat the stock as payment for services and is taxed the same as wages when received. Wages could be invested in stock and earn tax advantaged gains. 

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