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mother earth

(6,002 posts) Thu Jun 11, 2015, 05:02 PM Jun 2015

Robt Reich: Raise the Estate Tax, Don't Eliminate it

Published on Jun 2, 2015

Robert Reich tells us why we have to raise--not lower--the Estate Tax on the wealthiest Americans

TY, MoveOn.org & Robert Reich!

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Robt Reich: Raise the Estate Tax, Don't Eliminate it (Original Post) mother earth Jun 2015 OP

They should also change capital gains liability on inheritance too... cascadiance Jun 2015 #1

cascadiance

(19,537 posts)

1. They should also change capital gains liability on inheritance too...

Reply to mother earth (Original post)

Thu Jun 11, 2015, 06:56 PM

Jun 2015

... so the capital gain is still calculated from when it was last acquired (sold) to the person owning it, and not reset to the value of the asset on the day of the inheritance transfer, which allows the rich to get away with putting assets with high capital gains liability in their inheritance strategically so that their inheritors don't have to pay it. State and national governments lose TONS of tax revenue mostly to the very rich on this loophole!

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