Post #9887 by Baltassar on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I confess I did not understand this at all.

Is the idea that I give the ETF highly appreciate stock, and receive in return shares in an ETF whose basis is reset, tax free, to the current value of the stock?

If such a thing it possible, it is, to me, further evidence that the main problem of the US tax system is not that its rates are insufficiently progressive, but that its means of "tax avoidance" are unconscionably vast and lacking in social purpose.

Baltassar

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