Holy $hit, Biden wants to eliminate the stepped up cost basis

[AGRforever]

https://www.politifact.com/factchecks/20...inheritan/
Had to check several times to make sure I was reading that correctly from a couple sources.  Do you guys realizes how much that would cost anyone with parents or anyone who inherits anything from anyone? 

His proposal puts capital gains tax at 43.4%. 

This would force most residential and commercial buildings/land to be sold at death.  My folks run a SMALL dairy.  If this all happened I bet it would be +$3M in taxes due.  There is no chance my brother would have the capital available to continue the farm.  In fact I could comfortably say this would end all family farms. 

[Guest]

https://www.politifact.com/factchecks/20...inheritan/

[Guest]

@AGRforever said:

https://www.politifact.com/factchecks/20...inheritan/
Had to check several times to make sure I was reading that correctly from a couple sources.  Do you guys realizes how much that would cost anyone with parents or anyone who inherits anything from anyone? 

His proposal puts capital gains tax at 43.4%. 

This would force most residential and commercial buildings/land to be sold at death.  My folks run a SMALL dairy.  If this all happened I bet it would be +$3M in taxes due.  There is no chance my brother would have the capital available to continue the farm.  In fact I could comfortably say this would end all family farms. 

Pretty much the point, end any small business that survived the lockdown.

[Guest]

They plan to use the billions-trillions this would raise in taxes on 2 years of free community college.
Its not like they're talking about using all these dollars for "free" healthcare, student loan forgiveness or UBI or any other freebie program. 

17 states already do the first 2 years of community college for free. 

Where do they plan on finding the $$ to pay for all the other BS blue wants? 

[Guest]

Its horseshit. But guess what? I blame Trump....you know why? He's such a f@#$ing piece of garbage, so unbelievably assholish, that he's forced me to vote for a true liberal. I'm not liberal. But someone needs to get the god awful stink out of the White House that is currently there. I actually blame the GOP for letting Donald Trump happen to us. 

[Guest]

@StickyBun said:
Its horseshit. But guess what? I blame Trump....you know why? He's such a f@#$ing piece of garbage, so unbelievably assholish, that he's forced me to vote for a true liberal. I'm not liberal. But someone needs to get the god awful stink out of the White House that is currently there. I actually blame the GOP for letting Donald Trump happen to us. 

I dont like it either. This is what the system has given us as choices...

The GOP aint the GOP I used to carry a card for...

[Guest]

@purplefaithful said:

@StickyBun said:
Its horseshit. But guess what? I blame Trump....you know why? He's such a f@#$ing piece of garbage, so unbelievably assholish, that he's forced me to vote for a true liberal. I'm not liberal. But someone needs to get the god awful stink out of the White House that is currently there. I actually blame the GOP for letting Donald Trump happen to us. 

I dont like it either. This is what the system has given us as choices...

The GOP aint the GOP I used to carry a card for...

Im a fiscal conservative. Those dont exist in the wild any longer. Both gangs want to use my tax money to buy votes.

[Guest]

The liberals start all these threads and bitch that the “trumpers” dont respond. Where are they on this one?

Theyre getting screwed just as hard on this one. The mega wealthy already have the assests held outside personal ownership. 

[Guest]

@AGRforever said:
The liberals start all these threads and bitch that the “trumpers” dont respond. Where are they on this one?

Theyre getting screwed just as hard on this one. The mega wealthy already have the assests held outside personal ownership. 

Like I said: it's bullshit. I'm a moderate conservative but I hate Trump. I hate liberal tax and spend with a passion. 

[Guest]

@StickyBun said:

@AGRforever said:
The liberals start all these threads and bitch that the “trumpers” dont respond. Where are they on this one?

Theyre getting screwed just as hard on this one. The mega wealthy already have the assests held outside personal ownership. 

Like I said: it's bullshit. I'm a moderate conservative but I hate Trump. I hate liberal tax and spend with a passion. 

I cant wait for the election to be over and I pray that it ends up 2-1. Its never good when one party has all 3 branches.