Post #15487 by onepoorguy on the US Policy board

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I agree. No stepped-up basis. Even though I get to take advantage of it since 1poormom died last year. But it still shouldn't be.

Also, unearned income should NOT be taxed at a lower rate than earned income. It should be the same, or -arguably- higher. Though I personally think it should be the same rate no matter the source. As intercst used to say, [paraphrasing] the dumbest thing you can do financially is work for a living. You are taxed the most if you do. Let your money work for you instead. If you can keep ordinary income below ~$90K (joint) then any cap gains are tax-free. (That's also a rule that shouldn't exist, but it does.)

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