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I see. I would be opposed to eliminating the step up

Posted on: April 26, 2017 at 21:40:51 CT
tiger4real MU
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On the other hand, not churning assets is a big reason why people become rich. Plus they typically increase the value of those assets by investing more capital in them over time - capital expenditures, hiring people, etc. I'd rather see investment in the private sector than taxation by Govt that will inevitably waste it.
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Raise the standard deduction - alzoo MU - 4/26 20:42:27
     The whole death tax thing is almost comical on both sides(nm) - meatiger MU - 4/26 21:57:47
     Eliminating the estate tax is stupid - tigerdb MU - 4/26 20:48:48
          The estate tax is there to prevent American royalty - SparkyStalcup MU - 4/26 23:45:13
               Lmfao. No it isn't (nm) - pickle MU - 4/27 07:54:08
          it's evil (nm) - pickle MU - 4/26 23:02:55
          eliminating estate tax will lead to largest tax increase - tiger4real MU - 4/26 21:18:48
               RE: eliminating estate tax will lead to largest tax increase - tigerdb MU - 4/26 21:25:37
                    So elimination of estate tax would eliminate the step up? - tiger4real MU - 4/26 21:29:43
                         in present law - yes; as I said, unless they add a provision - tigerdb MU - 4/26 21:33:59
                              I see. I would be opposed to eliminating the step up - tiger4real MU - 4/26 21:40:51
                                   Actually, here you go - it's from last year - tigerdb MU - 4/26 22:30:21
          It is if your goal is to have another method of - GA Tiger MU - 4/26 20:53:53
               agreed - cut spending across the board - tigerdb MU - 4/26 20:56:58
                    As to taxes - a rather hopeless discussion as long as - GA Tiger MU - 4/26 21:02:50
                         "Legit expense deductions" - meatiger MU - 4/26 21:59:12
                    True - El-ahrairah KC - 4/26 20:58:34
          People like him have paid all taxes do on that money. Why - tman KC - 4/26 20:52:39
               You really know absolutely nothing about taxes... - tigerdb MU - 4/26 20:54:36
                    RE: You really know absolutely nothing about taxes... - o'lineydisciple MU - 4/26 21:52:01
                    Assets not taxed? Never heard of capital gains?(nm) - GA Tiger MU - 4/26 21:04:09
                         Many ways around that(nm) - DevilsAdvocate MU - 4/27 06:42:56
                         there has to be a sale for their to be a taxable cap gain. - tigerdb MU - 4/26 21:10:09
                              You ignore that gains can become losses quickly. - RHAYWORTH MU - 4/26 21:41:59
                                   losses offset gains(nm) - tigerdb MU - 4/26 21:43:25
                                        In your world do we get carry over losses?(nm) - tman KC - 4/26 21:50:46
                                             Sure, just like the current limit . 3K . - RHAYWORTH MU - 4/26 21:52:05
                                                  Wrong - there is no $ limit on loss carryforwards(nm) - tigerdb MU - 4/27 05:40:52
                                                       You're being obtuse. Still only 3K a year, dummy. - RHAYWORTH MU - 4/27 08:08:49
                                                            You are beyond stupid - tigerdb MU - 4/27 08:16:36
                    What taxes haven't they paid on it? They are not like - tman KC - 4/26 20:58:29
                         Appreciation; sheltered income - tigerdb MU - 4/26 21:00:02
                              So because they had deductions (usally depreciation I would - tman KC - 4/26 21:04:05
                                   Or the appreciation should be subject to some form of - tigerdb MU - 4/26 21:11:39
                                        The money that he bought that stock with was already - tman KC - 4/26 21:32:20
                                             My position is that the exemption is fine where it's at - tigerdb MU - 4/26 21:38:42
                              so let's say someone bought land for 1000$ an acre - El-ahrairah KC - 4/26 21:03:26
                                   what about the $7k/acre profit - are you saying that should - tigerdb MU - 4/26 21:07:20
                                        It shouldnt. It was bought with already taxed money - tman KC - 4/26 21:34:40
                                             that's ****ing stupid - tigerdb MU - 4/26 21:42:55
                                                  I applaud your resolve - Mo Texan MU - 4/26 21:53:44
                                                       LOL - tigerdb MU - 4/26 22:11:59
                                                       Says his liberal friend but keep,going(nm) - tman KC - 4/26 21:55:56
                                                            RE: Says his liberal friend but keep going(nm) - tman KC - 4/26 21:58:42
                                                                 I just know that the $5.45M exemption is more than I need(nm) - Mo Texan MU - 4/26 22:05:14
                                                                      Not more than I need if it is just a personal item - tman KC - 4/26 22:07:42
                                                                           God Bless you, there are ways to do what you want through - Mo Texan MU - 4/26 22:16:17
                                                                                We have. Thank you though. We are following a plan - tman KC - 4/26 22:22:26
                                                  No it isnt. You just want another cut at it - tman KC - 4/26 21:49:39
                                                       there's a difference between another and a FIRST - tigerdb MU - 4/26 22:15:14
                                                            It is another cut. It is simple concept. (nm) - tman KC - 4/26 22:17:26
                                                                 It's not another cut - it's a first "cut" - tigerdb MU - 4/26 22:35:08
                                                                      You are. The money to buy comes from somewhere - tman KC - 4/26 22:37:45
                                                                           And the "money to buy" (I presume that you mean basis) - tigerdb MU - 4/26 22:42:44
                                                                                Again. The point is it was already taxed. You just dont - tman KC - 4/26 22:58:02
                                                                                     No - the point is that is was NEVER taxed - are you really - tigerdb MU - 4/27 05:06:18
                    they actually pay more - El-ahrairah KC - 4/26 20:56:37
                         ok, that is even dumber than the op's inane argument - tigerdb MU - 4/26 20:58:12
                              Again. You appear to want an income tax without - tman KC - 4/26 23:13:01
                                   I take it back - tigerdb MU - 4/27 05:57:40
                                   You want a gain that hasn't been taxed to remain - SparkyStalcup MU - 4/27 00:40:48
     They did. Assume you are advocating even more - tman KC - 4/26 20:43:51




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