step-up in basis Archive
US Tax Reform Plan: Federal Flat Tax
February 14, 2023
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TweetShareSharePin0 Shares Key Findings The federal tax code remains a major source of frustration and controversy for Americans, and a hindrance to economic growth and opportunity. Other countries, such as Estonia, have proven that sufficient tax revenue can be collected in a less frustrating and more efficient way. This report provides an analysis of the
Biden Tax Hike Proposals Live on After the Inflation Reduction Act
October 10, 2022
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TweetShareSharePin0 Shares Over the past two years, policymakers and taxpayers have grappled with proposals to increase taxes as ideas introduced in the 2020 presidential campaign were transformed into legislation. This effort culminated in August with the enactment of the Inflation Reduction Act. While many of the tax increases considered over the last two years were
History of Step-Up in Basis Shows Perilous Road Ahead
September 28, 2021
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TweetShareSharePin0 Shares As Congress considers President Biden’s proposal to tax unrealized capital gains at death, the history of previous efforts suggests it faces a perilous road ahead. Lawmakers must resolve tricky design and implementation details that derailed past attempts to change how capital gains are treated when assets are passed from one generation to the
