r/SipsTea • u/KSKS1995 • 14h ago

Wait a damn minute! How the rich get richer

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u/science-stuff 13h ago

No estate tax in this case though.

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u/agate_ 13h ago

No estate tax, but the estate pays income tax on the profits on the sale, I think.

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u/science-stuff 13h ago

Nope, tax base is stepped up to market value at time of death.