DASHY wrote:
I agree with President Biden's decision to crack down on tax cheaters. I pay my taxes and have nothing to fear from the IRS. Even a portion of the $1 Trillion dollars collected in back taxes will go a long way in funding current projects. Tax cheaters might have to change the way they do business. Repealing the "step-up in basis" rule will close the tax loophole that allows the super-rich individuals to avoid paying capital gain taxes on inherited assets.
It seems that you are assuming most Americans are Tax Cheaters! What you fail to understand is that these small businesses or those that are self employed will have their lives picked apart looking for the smallest infraction on their tax returns. I’ve seen this happen many times in our many years of owning and operating a small business. You are blinded by your hate for Trump and Republicans. You aren’t capable of excepting the actual facts so I won’t waste your time or mine! I sincerely hope that many Democrats gets caught up in these witch hunts! Then and only then will at least some of you be faced with the truth of this deception!