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Stepped up basis... again
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thinkstoomuch
Posted 1/11/2021 22:10 (#8743915 - in reply to #8743780)
Subject: RE: Stepped up basis... again


Kettle Moraine, WI
I fully agree with that. Place a tax lien on the property to be paid at sale.

The argument you will hear is the recipients will need that equity fo borrow against to keep farming.

I haven't conceptionalized the thoughts fully yet, but inconclusively "high taxes create high incomes" also "high cost drives high production". If you didn't have need to be productive, productivity becomes a secondary thought. Entitlement drives stagnation unless a force acts upon it.
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