The back catalog seems conspicuously absent between Mar22 to Mar25. Where was all that trend talking when it mattered? Monday morning quarterbacking is easy with hindsight. You may get to see those nukes used again with the current administration.

Cry me a river. It’s not like anyone who was actually plugged into political events couldn’t have predicted this absolute shitshow going on right now. Where were you 7 months ago with these feelings?

You forgot the quotation marks around “pro-family”

And IU is the Berkeley of Indiana.

The part where you don’t seem to be getting it is he mentions capital gains, but you bring up the Estate tax. They are not the same. The stepped up basis was the compromise for the Estate tax.

With the stepped up cost basis, you actually don’t pay *any* tax if you sold it day one. You may not like the wording, but it’s not entirely incorrect. With the reset of basis between generations, it does have an effect. I don’t know if I’d consider 20% tax at the time of sale a crushing burden 🤷‍♂️

Yes, you are. He talked about the the move to keep the stepped up capital gains policy in place, you responded about Estate Tax limits. They are two different things.

greenleaftrust.com/missives/ste...

The Estate tax is applied to the current market value, so the stepped up basis has no affect on the overall Estate tax. If you have that large of an Estate, it will be taxed.

The stepped up basis means the value of the property is reset to the current market value at time of death rather than the cost basis of when the decedent purchased it.

You’re confusing the Estate tax with capital gains taxes on inherited property. The estate tax affects estates valued at 13.6M (27.2 for married couples). This affects very few people. Capital gains valuation affects anyone who inherits property.

I don’t understand why this isn’t getting more airplay. Indiana is currently running the same playbook that Kansas did and no one is bringing it up. Those that forget history…