Quote:
Originally posted by taxwonk
What the Wall Street Journal doesn't tell you is that their math is totally fucked. The loss of basis step-up carries with it a tacked holding period, which means that most inherited property will qualify for the 5% cap gains rate. In other words, yet again, the administration is giving to the richest and screwing everybody else.
|
5% or 15%? Their calculations assume the current k-gains rate of 15%. How can I get some of that 5% rate?
