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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (81857)9/1/2010 12:20:24 PM
From: Dale Baker  Read Replies (2) | Respond to of 149317
 
There is an argument to be made for taxing RE cap gains in an estate, or making the inheritors use the original cost basis when they sell. I just inherited part of a farm that was bought in 1912; just a bit of capital gains there, LOL.

But the other assets were financial and represented after-tax dollars. Uncle Sam already had his bite at those plus the interest they were making for my Mom until she died.