/biz/ - Business & Finance

>>24267118
>The only shitty thing with this is, if you want to give it to someone when you die, they have to pay taxes on its estimated value at the time of death to receive it
That depends on the country. Maybe that's the case in Canuckistan but in the U.S. the inheritors currently get "step up basis" and don't pay any taxes on inherited property until the estate hits US$5,000,000.

Biden stated in his campaign that he wants to eliminate step-up basis on inheritances, among many other "reforms" that will make Americans wish they hadn't been so fucking stupid as to elect him.