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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: j_b who wrote (2242)8/20/1998 5:39:00 PM
From: Jim Roof  Read Replies (1) of 13994
 
< any money you pass on when you die is taxed twice, etc.>

Not unless it is a large sum. If stocks are passed on to a loved one then a value is placed on the shares at the official date on the death certificate. The beneficiary of the shares is only responsible for any appreciation in value that occurs while in his possession.

At least this is the way it was for me in 1992. My father died and left a small amount of stock to me and I did not have to pay a dime on it. Maybe you guys have richer fathers than I did.

Jim
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