tag:blogger.com,1999:blog-6318055043707993918.post394730431703438032..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: WHAT ABOUT THE GIFT TAX?Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6318055043707993918.post-2696453590546685732010-11-15T10:36:39.145-05:002010-11-15T10:36:39.145-05:00Nice article.
More than anything, I'd like to...Nice article. <br />More than anything, I'd like to see a long term plan. The progression from 2000-2009 was fine. In 2011, they need to pick a number, whatever it is, and adjust for inflation each year.<br />The 2010 "no stepped up basis" was a crock. It created more confusion than anything, good luck finding basis for any but the most disciplined decedents.JoeTaxpayerhttp://www.joetaxpayer.comnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-74991744086179505182010-11-15T07:10:53.863-05:002010-11-15T07:10:53.863-05:00Somebody who was involved in policy decisions abou...Somebody who was involved in policy decisions about this told me that the gift tax was kept in place to prevent income tax shifiting. I didn't think it made a tremendous amount of sense, but thats what they said. Also given the estate tax is coming back there would be huge gifting this year. Some people are taking advantage of the relatively low rates anywayPeter Reillyhttps://www.blogger.com/profile/01473701483727808782noreply@blogger.com