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Tag Archives: capital gains

SOTU REACTION

“IFB hopes Congress will consider the president’s proposals to increase the capital gains tax and repeal ‘stepped up basis’ to be dead on arrival,” says IFB President Richard Guebert, Jr. President Guebert said he supported the president’s comments on trade and with opening up relations with Cuba.  Check out more on FarmWeekNow.com.

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STEPPED-UP BASIS

President Obama as part of his expected State of the Union address will announce various tax related measures to help the lower and middle class and close certain “trust fund” loopholes. This loophole is primarily the ability to step-up assets to fair market value at death. Current law allows a step-up in value of almost… read more

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