Skip to main content
No. of Recommendations: 9
So Biden wants a 49% marginal capital gains rate with a forced collection at death. A new middle class death tax. Yeah, he's asking for a $1M exemption, but that might end up being much lower and even halved for singles...he'll claim the $1M was for couples, the same way he's trying to welsh on his no tax hike for under $400,000. And Bernie Sanders and gang wants to lower the estate tax exemption to $3.5M from the currently schedule $6M in 2026.

So at the margin, on assets with a zero basis, a 49% capital gains tax and about a 50% estate tax. If I do the math about right, the heirs end up with about 25 cents on a dollar. I agree this won't hit the little guy, but it does hit family businesses. And is it really American to take 75cents of someone's dollar at death?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.