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

To: CVJ who wrote (127789)	2/18/2001 1:20:36 AM
From: Little Joe	Respond to of 769670

"If an estate was treated as capital gains to the recipient(s) after a suitable floor deduction, say raise the $675k to $1,000k and adjust annually for cost-of-living increases. And maybe a formula could be worked out to allow an extended time to pay the taxes. Family owned businesses might not have to be sold just to pay the estate taxes." This could be easily accomplished by eliminating the step up in basis for family businesses and taxing the capital gain when the business is sold. This way the family could operate the business as long as they want and pay the capital gains when they sell. Little joe