(04-29-2021, 05:00 AM)The Real Marty Wrote:

(04-26-2021, 06:24 PM)Senor Fantastico Wrote: In addition to raising taxes for those earning +$400,000, raising estate taxes, and raising corporate taxes. 

Hard pass!

The worst part is applying capital gains taxes to inheritances.  Now, assets are inherited on a stepped up basis, but under the proposal as I understand it, not only will the stepped up basis be eliminated, but also, capital gains taxes will be assessed at the time of the inheritance.  

So, for example, if you inherit a house from your parent, and they've owned the house for many years, you will be assessed a capital gains tax on the increase in the value of the house since that parent bought it.

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(04-28-2021, 09:30 PM)StroudCrowd1 Wrote: Isn't he endorsed by Blockfolio?

I don't understand crypto enough to form an opinion, but good for him.

I just hope the endorsement deal pays him enough to make up for the loss he will take if and when those cryptocurrencies crash.