We should absolutely be closing tax loopholes like this. Everything I’m about to say should be viewed in that light.
If the society says “here’s a situation where you don’t have to pay us” and you choose to be in that situation, is it really theft?
This is really leveraging the “step up in basis” which has been done to simplify distributions from wills and help farmers, but has always been very controversial.
An alternative interpretation as it applies to Wikipedia is that if you’re going to try and abuse the system in a way everyone understands is abuse but isn’t technically against the rules, you better be as charming, winsome, and friendly as a golden retriever.
“Look people, this is how you can steal from society!”
We should absolutely be closing tax loopholes like this. Everything I’m about to say should be viewed in that light.
If the society says “here’s a situation where you don’t have to pay us” and you choose to be in that situation, is it really theft?
This is really leveraging the “step up in basis” which has been done to simplify distributions from wills and help farmers, but has always been very controversial.
https://en.wikipedia.org/wiki/Wikipedia:Ain't_no_rules_says_a_dog_can't_play_basketball
Oh, I’m savin’ this one