It could mean higher rates of charity donation. This would be the only remaining way of avoiding the heavy tax bill of highly appreciated securities. Higher capital gains taxes and elimination of stepped up basis could heighten the incentive to donate those assets to charity. The flexibility, low cost and accessibility of donor-advised funds – which allow donations of highly appreciated securities – could make them a great vehicle for the charitably inclined and the tax avoidant.
Posted on: Wed, 21 Jan 2015 19:56:59 +0000
Trending Topics
Recently Viewed Topics
© 2015