...

BK>> Neigher of you have any idea what you are talking about. He said
BK>> it "wasn't a lot". If he sells it, and it's less than $2mill as
BK>> of 2008, $3.5mill as of 2009, there is no estate tax.

BK>> Capital gains is figured on the cost basis of an asset. If the
BK>> asset is inherited, the cost basis is the value at time of death
BK>> of the original owner. If his stocks and bonds have lost value
BK>> then he has a loss, not a capital gain. If he sells them at the
BK>> loss, he has a loss he can offset against gains he may make in
BK>> investments this year.

 JB> He completely ignores the fact that the money which
 JB> purchased the asset to being with was already taxed.
 JB> Typical liberal union democrat, why not tax it again ?

 I just told you, it isn't going to be taxed, not again, not for
 the first time. And what does the money used to purchase the
 asset being taxed have to do with it. Remember, even if you did
 pay capital gains you would not pay on that money, but on the
 increased value, the profit, when you sell it. You are not taxed
 on the cost basis.

 You really do need to read better. Typical worker hating
 republican.

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Certe, Toto, sentio nos in Kansate non iam adesse.
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