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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (585143)	9/13/2010 1:03:21 PM
From: TimF	Read Replies (1) \| Respond to of 1577009

You pay capital gains when you realize them. No need to sell the company to pay capital gains since until you do sell it you don't realize the gains. But with the estate tax the estate has to pay the tax, whether or not their is a realized gain.

To: Alighieri who wrote (585143)	9/13/2010 1:23:55 PM
From: i-node	1 Recommendation Read Replies (2) \| Respond to of 1577009

>> And why would the heirs have to liquidate? 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? This also applies in the case of a small family business. If I own the stock in a family business and the rest of my family (kids, grandkids, wife, whatever) also make a living at, when I die, my family has to come up with the money to pay the estate taxes. If they can't, they have no choice but to liquidate the business, unless they can borrow enough against it (which they likely cannot today) to pay the taxes. It is a mess. Just let people keep their own f*cking money and the problem is solved.