If you eliminate the step up in basis, you are going to pay a 20 percent tax on the gain of anything you ever own in your life.
Editor's note · Context
Discussing the implications of tax policy on personal wealth.
Share
More from Jason Smith
Yesterday, my colleagues introduced an amendment that would limit prosecution of fraud cases with at least $100,000 in stolen funds. Apparently, Mr. Speaker, Democrats want to give some criminals a get- out-of-jail-free card. Let me give…
The Alliance of Global Justice, an Arizona-based, tax-exempt organization currently fiscally sponsors Samidoun, a group which was recently designated as a sham charity in financial support of terrorists--by what? The Biden Department of…
I point out that the prior speaker voted in April for the exact language that she was railing against, for due process. The only thing that has changed for the majority of the people changing their votes over there is Donald Trump was…
I will point out the reason why this Chamber cannot take up the bill that was passed by the United States Senate to make sure there are not penalties for hostages is because of a thing called the U.S. Constitution. It is called Article I…





