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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (50011)	10/20/2000 6:48:48 PM
From: donjuan_demarco	Read Replies (2) \| Respond to of 769667

Man, this is the same thing that happened with that other idiot. You make an incorrect statement of fact, I correct you, then you have the audacity to claim that it is I, not you, who is wrong. And when I provide incontrovertible proof that you are wrong, rather than doing the decent thing and admitting you were wrong, you try to change the subject. There is no recognition of gain with respect to a capital asset unless there is a sale or exchange. Death does not constitute a sale or exchange. The heir who acquires the stock gets a stepped-up basis, and is only liable for tax on the difference between the value on date of death (or alternate valuation date) and the proceeds of the sale. This is all very simple stuff, dude.