Quote:
Originally posted by taxwonk
I was thinking of ther educed rate on capital gain property held over 5 years under 26 USC 1202. Apparently, they've changed it to apply only to stock of small (assets < $50M) companies.
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Well, if they're really trying to help the farmers and small business owners, allowing the deferred k-gain until they actually sell is a pretty good policy approach, as compared to the estate tax. If they keep owning the business, then less/no tax; if they sell, pay up. Of course, this helps all of three farmers, or whatever. But at least in theory . . .
