The Daily Populous

Friday August 30th, 2019 evening edition

image for David Koch’s Heirs Will Enjoy the Biggest Tax Loophole Nobody Talks About

Everything from Texas oil pipelines to Dixie cups to the Tea Party owes its existence in some way to David Koch.

Some back-of-the-envelope math would indicate that’s roughly $35 billion in tax revenue that could go toward any number of public services.

But thanks largely to a political climate David Koch and his brother Charles helped create, the federal government will never see anything close to that.

Thanks to a tax provision called step-up in basis, capital gains on inherited assets—stocks, properties, and more—are totally wiped out upon death.

Put simply, step-up in basis is a tax provision that allows unrealized capital gains to reset to zero upon inheritance.

“You can tax assets annually, tax them at death so you don’t get the tax-free step-up in basis, implement an actual inheritance tax,” Mazur told me.

The Trump tax plan, after flirting with eliminating the estate tax, raised the ceiling on tax-free estates to over $11 million per person. »

DOJ says Christian employers should be allowed to make women wear skirts

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A lower court ruled last year that Harris Funeral Homes broke the law when they fired Aimee Stephens, a woman who began transitioning in 2013.

In the lower courts, the EEOC was the entity that brought the lawsuit against the funeral home on behalf of Stephens.

They argued that Title VII, which prohibits workplace discrimination on the basis of sex, applied to trans workers. »

Bodyguard: there are accounts of PTSD in warfare from Homer to the Middle Ages

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This image of the suffering veteran dominates modern views of the soldier experience, but was this the case in ancient and medieval warfare?.

So popular is the contemporary idea that PTSD was common in the ancient world that ancient plays are now being used to help modern veterans.

But it does show that trauma and distress have followed as long as humans have waged war on one another. »