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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: jttmab who wrote (14284)	6/6/2002 2:26:19 PM
From: The Philosopher	Read Replies (1) of 21057

I would find it a rather difficult [and unreasonable] task for the person receiving the asset to determine the cost basis. That doesn't make sense. Right now, for the sake of estate tax, the executor has to determine the cost basis of any assets. That wouldn't change. The tax basis would be attached to the asset received. Nothing more required than now. How many businesses, etc., are routinely lost because of the estate tax bill on an annual basis? Enough that Congress keeps trying to solve what they accept is a problem, but can't bring themselves to really solve it.

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