Ruling out "step up"
The TPC analysis assumed that, in the wake of abolition of estate duties, there would be no adjustment of the current capital gains treatment that in assessing inherited assets, excludes gains made between purchase and death. However in this case moving to a "carry over" basis would make sense.
Immediately related elementsHow this works
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Visualizing the Romney Tax Debate »Visualizing the Romney Tax Debate
Romney's plan stated »Romney's plan stated
But does it compute? »But does it compute?
No - it does not compute »No - it does not compute
The TPC case »The TPC case
Available savings claim »Available savings claim
The critics challenge »The critics challenge
Ruling out "step up"
OMB revenue estimate »OMB revenue estimate
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