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AZSkiffyGeek

(12,744 posts)

2. I'm of two minds on this

Reply to Yo_Mama_Been_Loggin (Original post)

Tue Apr 27, 2021, 03:08 PM

Apr 2021

I think it needs to be more focused - my wife worked on cost-basis step-ups for Vanguard, and by in large it was people trying to plan retirement and not knowing how they would be affected by a death inheritance. This would affect a lot more people than the rich, and I wonder if it should be more targeted towards the wealthy, or limit the amount stepped up, rather than eliminate it completely.

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Highlight:

Biden capital gains tax plan would raise $113 billion if 'step up in basis' is killed, says Wharton [View all] Yo_Mama_Been_Loggin Apr 2021 OP

Better than nothing, but $12 Billion a year is not a lot of new revenue. Hoyt Apr 2021 #1

I'm of two minds on this AZSkiffyGeek Apr 2021 #2