Quote:
Originally posted by sebastian_dangerfield
OK. You made the sale. I ain't for that sort of estate tax repeal. In fact, thats pretty fucking odious. If that's true, that's not estates tax repeal at all - thats estate tax revenue source transfer.
But if they just repealed it, I'd be for that (even though I do recognize it is kind of gross to see fortunes like the Walton family's bloat to fantastic levels).
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Um, honey? That is too estate tax repeal.
You and Paris are paying the same % amount -- you are clearing $425,000 when you sell the $500k thingie immediately; she gets 425 million on 500 million. It's just a matter of zeros.
I can see an argument that that's fair.
ETA Do you want the step up in basis AND no estate tax? So that you get $500,000 free and clear, and Paris gets $500 million free and clear?
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