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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (585276)9/13/2010 2:17:01 PM
From: Alighieri   of 1577056
 
I have $1 Billion in appreciated stock that I paid negligible dollars for. When I die, the IRS wants $550 Million.

If the stock isn't liquidated, how are my heirs to pay that tax liability?

Duh! The point made in the article is that cap gains are nearly as much as death taxes even IN THE ABSENCE of a death tax...see below. That's very misleading...

In fact, enormous amounts of tax, including capital gains tax on all the assets they receive, is almost as much, if not equal to, the amount they would have paid under the death tax.

Al
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