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General Discussion

FHRRK1

(51 posts)

8. Exactly and to add

Reply to ToxMarz (Reply #3)

Sat Apr 11, 2026, 06:41 PM

Apr 11

A person can inherit the millions, use the step up clause, then down the road take a deduction for LOSSES, on that stepped up amount.

So parents have a stock portfolio where they bought various stocks at $100 per share, children inherit and stocks are all worth $200 per share. A couple years later you need a write off,… hey let’s sell that stock that went from $200 back to $100, and you have a $100 write off!

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FakeNoose Joinfortmill True Dough raging moderate IbogaProject

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Highlight:

America's downward spiral summed up in a few sentences... [View all] True Dough Apr 11 OP

If a U.S. citizens dies in 2026, the fair market value of all assets at the date of death, less liabilities.. surfered Apr 11 #1

It isn't always that simple ToxMarz Apr 11 #3

You've nailed it FakeNoose Apr 11 #4

Exactly and to add FHRRK1 Apr 11 #8

Then they pass the debt on to the heirs as well surfered Apr 11 #18

Yes that's the point, it is cheaper for them to live on borrowed money than pay their fair share of taxes. ToxMarz Apr 11 #19

of wealthy PUBLIKKKLAN, by the WEALTHY PUBLIKKKLANS, FOR the wealthy publikklans. pansypoo53219 Apr 11 #2

Correction. SergeStorms Apr 11 #6

Sounds like a great idea LilElf70 Apr 11 #5

Greed is destroying American society. Aussie105 Apr 11 #7

One of my aunts used to sum up that attitude as wnylib Apr 11 #11

"I'm not greedy..I. just want more than my fair share." BattleRow Apr 11 #14

It doesn't have to be that way. Congress could fix all that if we demanded they do it. flashman13 Apr 11 #9

No they would not Alpeduez21 Apr 11 #12

I'm not sure how to reply. I guess you are advocating we sit on our ass and do nothing because flashman13 Apr 11 #17

Congress could fix it if our elected representatives were not beholden to Big Money interests who fund their campaigns. sop Apr 12 #22

We need a wealth tax. patphil Apr 11 #10

"Outlaw billionaires" Seinan Sensei Apr 12 #21

Recommended (#99) H2O Man Apr 11 #13

Do they pay back the loans? nt. druidity33 Apr 11 #15

Kinda, sorta. Close enough. Joinfortmill Apr 11 #16

Where do they get the money to make the loan payments? rickford66 Apr 12 #20

Maybe a dumb question, but: moose65 Apr 12 #23

Exactly. Richard58 Apr 12 #25

So exactly how does the scam work? Lokee11 Apr 12 #24

It's basically borrowing from peter to pay paul. ihaveaquestion Apr 12 #26

It's more than that. The rich also engage in Glaisne Apr 12 #27

Kick dalton99a Apr 12 #28

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