re: Capital Gains at Death

quote:

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If I inherit something, I shouldn't have to sell it to pay the damn estate taxes. If I do sell it, now you want to tax me based on what my dead relative paid for it back in the day? Also class warfare against anyone whose family has left something for their kids.

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That's not what I'm suggesting. I am saying, keep the estate tax exemption as is. When and if you do sell the stock down the road, you pay the capital gains tax based on the entire gain.

If the dead relative sold it the day before he died, and left you the cash, he'd have to pay capital gains tax on it, right?

In other words, the fact that someone died should not cause an item to not be taxed, if it would have been taxed had the person died and not sold it.

My personal feeling on the estate tax is that it is unfair and punitive and should be eliminated. But this is a different story.