Quote:
Originally posted by sebastian_dangerfield
No, I get it. But why is that step up fiddling tied to the estate tax repeal? Why aren't they just repealing the tax, like they're advertising? Who inserted these provisions fucking with the step up?
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Why would you think there should be a step up in basis when ownership moves because of death? Unless you are saying that when the estate tax is repealed, all capital gains taxes should be repealed, in which case the whole basis issue is moot. Uh, except I think basis has to do with depreciation, but I don't think that's relevant here.
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