Posted: Apr 27, 2005 By: dw leahy

Subject: tax reform ideas

Comment: thank you for your work.

I suggest:
1) since death/inheritance taxes may be a thing of the past, the stepped up cost basis of property be eliminated, and subject to cap gains taxes. this would be stimulative, no longer would people wish to hold assets until death to avoid taxes.
2) eliminate advantage of life insurance products/annuities. i.e., eliminate tax free buildup these products offer.

thanks for your consideration.
cynically yours,