Tax Guru – Ker$tetter Letter

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Posted by taxguru on January 23, 2008

Inflation and the Tax Man – Another look at the issue of indexing the cost basis of assets for inflation, a topic I have been writing about for a very long time, such as this piece from the era of Bush 41.  The current President Bush has the same option his father passed up; to show some guts and just issue an executive order redefining cost basis to include inflation adjustments.  Unfortunately, his well documented fear of confrontation with the Dims will prevent him from taking this bold step.

[Update] More on this topic from David Freddoso at National Review Online –  Inflate This

 

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