But the solution to that problem is to eliminate the step up in basis, not to introduce the Buffett Rule.
Another important benefit of the NUA strategy is that for any shares not liquidated after distribution, a step up in basis is available at death.
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If grandparents sell appreciated stocks to raise that cash, they have to pay gain taxes and lose the opportunity to step up the basis in these stocks at their deaths.
That way, if one spouse dies, the whole house will get a step-up in basis.
So she is holding the property so that her heirs will get a step up in cost basis on her death and owe no tax.
But if you leave your house in your estate, it will get a free step-up in basis to its value as of your date of death.
If an estate opts out of the federal estate tax for decedents who died in 2010, the step-up in basis in assets for income tax purposes is limited.
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On the other hand, if that was a stock mutual fund, they may be eligible for a step up in cost basis, which could mean little or no taxable gain for your heirs.
In addition, appreciated assets step up to a new basis upon death without taxation.
You may be elderly and your heirs will get a step-up in cost basis at your death.
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Even better, if they held the business until death, their heirs would get a "step up" in its basis, thus avoiding the gains tax, too.
"I'm not ready to retire, I like to be involved with a team on a daily basis, but maybe I am ready to step out of the limelight a little bit, away from the cameras, " he told Dutch website Voetbal International.
The independent counsel statute calls for the Justice Department to respond within 30 days to explain whether there is a basis to launch a "preliminary inquiry, " the first step toward seeking an independent counsel.
Now imagine instead that players can consult walkthroughs (in essence, detailed, step-by-step directions to winning a game) on an "as-needed" basis to help them through the troublesome spots, or receive "hints" that help them figure things out on their own.
As General Petraeus has said, we will assess the progress made in December and begin a responsible conditions-based transition to Afghan security leadership, on a province-by-province basis, in July 2011, a date that represents both our sense of urgency for Afghanistan to step up and our resolve to meet our stated goals.
The report said these should be delivered by lenders and house builders working together in the private sector, but the government could step in and share some of the risk if it could not happen on a purely commercial basis.
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