Unrealized capital gain and inheritances

B
BrightLine
楼主 (文学城)

Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. About 875,500 taxpayers – or 0.54% – reported having that much income in 2021, according to the IRS.

 

https://www.cnn.com/2024/10/06/politics/capital-gains-tax-harris-tiktok/index.html

 

Harris hasn’t talked specifically about this, but there’s a provision in Biden’s budget that would change the way inherited assets are taxed.

Currently, you don’t have to pay a capital gains tax when you inherit a home, stocks or a business that have increased in value, thanks to a provision called “step-up in basis.”

But the Biden proposal would make some wealthy people pay that tax when an appreciated asset is passed on after death. The argument is that the step-up in basis primarily benefits the rich, whose wealth is more often tied up in real estate and stocks. It currently allows some wealth to avoid ever being taxed as it’s passed down from one family member to another.

Biden’s proposed change would only apply to inheritances where the appreciated value is worth more than $5 million for individuals or more than $10 million for married couples. Assets donated to charity would also be excluded from the tax.

B
BrightLine
100米以上才有unrealized capital 税, 但是年收入一米以上28%capital gain tax

B
BrightLine
Step up basis will be gone after 5米

颜阳
给 UNREALIZED的GAIN加税太疯狂,很难通过。美国将不再伟大。
B
BrightLine
股市跌了什么办?哈哈,太麻烦
Q
QuantFields
但愿通不过。最好就别选上,这种提案就不应该被提出来。
C
CastlePines
是.Step up basis Change from 现在27 m 减至10m for married couple.