Birdwatch Note Rating
2023-04-04 04:36:26 UTC - HELPFUL
Rated by Participant: FDCE1FE4470B33669F34D45F9B6CB883DE6481C8083E9B6C6BBDB117B038287F
Participant Details
Original Note:
This plan would repeal the step-upped basis which allows families to inherit property without paying tax on increased property value over time. This would affect ALL inherited property. https://www.investopedia.com/explaining-biden-s-tax-plan-5080766 Also, the plan will not continue the Trump increase Standard Deduction affecting ALL. https://smartasset.com/taxes/biden-capital-gains-tax
All Note Details