The Rising Influence of Rising Affluence

[10nisman]

OT

One of Clinton's major estate tax changes will come from the repeal of the 'step-up in basis' which will have a effect on everyone, not just the rich.

That's not what her website says. Her plan will treat bequests as a realization event. It will include exemptions to ensure this change only affects the high-income families who by far benefit the most from this loophole, and protects middle-class families. And it will contain careful protections and flexibility for small and closely-held businesses, farms and homes, and personal property and family heirlooms.

Clinton also proposes the elimination of like-kind transactions which means you'll have to settle up every time you sell your real estate no matter what age you are.

This doesn't impact estates and has virtually no impact to the vast majority of Americans.