Re:Who died and left the US $7B?
by eadmund on Wednesday October 09, 2024 @02:17PM
(#41791008)
> This is something people love to rage about, yet it's not one with an obvious fix.
Removing the step-up in basis seems like an obvious fix. Record the basis at the time of transfer, then charge taxes when or if it is sold. Adjust for inflation if that seems reasonable.
Is there anything wrong with this? It doesn’t require selling on receipt.
Removing the step-up in basis seems like an obvious fix. Record the basis at the time of transfer, then charge taxes when or if it is sold. Adjust for inflation if that seems reasonable.
Is there anything wrong with this? It doesn’t require selling on receipt.