On the recordApril 10, 2024
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.
Source
congress.govIf 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.
Discussing the implications of tax policy on personal wealth.
Share & report
More from Madison Smith
I think it is interesting that people come in with their concerns about tax fairness, and what is going to happen, and how we are going to meet the deficit that is growing, and we are not focusing on collecting taxes that are already due and owing.
We also need to use our trade tools to counter the malign influence of countries like China and Russia.
When I think about making America the best place in the world to do business and to work, that is what I want us to be.
I am beginning to wonder that the only people opposed to a trade agreement with Kenya happen to be at the White House.