Posted on 05/04/2021 6:40:20 AM PDT by knighthawk
If Biden succeeds in scrapping the “step up basis”, millions in the middle and lower classes will be royally screwed.
We are holing that bastard to it. Yes we can. LOL
Whenever a lib says “not a single penny, “ I always ask, “then how many pennies?”
Last informed advice that I heard was that Single & MFS filers will probably be looking at increases above $250k. Remember, tax law is written by Congress, massaged by the Senate, passed after midnight 'reconciliation' and then INTERPRETED by the IRS! At which time President Biden/Harris will issue the denial born in the 1960s "Mission Impossible" TV series; "If my campaign pledge is violated by others, I disavow any responsibility!"
"After all, you knew it was false when you elected me. Just look at my plagarism record over the years! I AM A LIAR!"
The more you tax the more of it gets passed on everybody pays no exceptions.
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