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Democratic Primaries

MRDAWG

(501 posts)

4. Stepped up basis was good when there was a real estate tax but..............

Reply to TomCADem (Original post)

Sat Mar 14, 2020, 07:41 PM

Mar 2020

now there is really no estate/gift tax.

When my mother died in 1976 I paid just over $10,000 in estate tax. Her estate was valued at $120,000 and I got a $60,000 exemption!

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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This is how Joe Biden will tax generational wealth transfer [View all] TomCADem Mar 2020 OP

I like the plan! nt at140 Mar 2020 #1

Great. Lack of robust estate taxes is a factor in wealth inequality. Hoyt Mar 2020 #2

Good. It's about time this happened kurtcagle Mar 2020 #3

Stepped up basis was good when there was a real estate tax but.............. MRDAWG Mar 2020 #4

We need to get rid of the capital gains tax drmeow Mar 2020 #5