<![CDATA[Joe Biden “wants to get rid of something called ‘stepped up basis’” that reduces inheritance taxes.]]> https://www.politifact.com/factchecks/2020/oct/29/facebook-posts/yes-biden-seeks-eliminate-policy-reduces-inheritan/

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Current Policy
Inherited House at Current Value - $200,000
Sells for $205,000
Taxable income = $5000
Taxes Due - 20% of $5000 = $1000
Profit to you = $204,000
 
Biden Policy
Inherited House at original purchase price - $40,000
Sells for $205,000
Taxable income = $165,000
Taxes Due - 20% of $165,000 = $33,000
Profit to you = $172,000
]]>https://brownsboard.com/topic/59727/joe-biden-wants-to-get-rid-of-something-called-stepped-up-basis-that-reduces-inheritance-taxes.RSS for NodeThu, 01 Oct 2026 02:55:32 GMTMon, 04 Jan 2021 18:52:12 GMT60<![CDATA[Reply to Joe Biden “wants to get rid of something called ‘stepped up basis’” that reduces inheritance taxes. on Mon, 04 Jan 2021 21:51:30 GMT]]> of course. They must have big money to give to china and the losers on the left who want a free ride, especially all

the "new voters" who don't speak English, but will be taught to vote for "D" every time.

]]>https://brownsboard.com/post/981307https://brownsboard.com/post/981307Mon, 04 Jan 2021 21:51:30 GMT