The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Taxing inherited capital gains Date:  4/14/2021  10:08 AM
Author:  Daryll44 Number:  102400 of 104348

My bias is to Ronald Reagan small government and low taxes. That being said, if they have to have death taxes, I'd like to see them agree on an estate tax exemption that everyone can live with and no capital gains upon death. My point is to have a single death tax, not multiple overlapping death taxes.

As an aside, I was annoyed when I heard that Biden wants to eliminate the cap gains basis step up. But I figured many could avoid that by not selling inherited assets. But forcing that tax to be due upon death, even if unrecognized, seems like an overstep. I hope this is just a bargaining chip, but I fear that Biden has enough votes to truly punish the affluent under the guise of "tax fairness" for the rich.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us