Why Is It Generally Undesirable to Pass Property by Death

question 73

Essay

Why is it generally undesirable to pass property by death when its fair market value is less than basis?

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Definitions:

1896 Critical Election

A pivotal United States presidential election that realigned party systems and marked a major shift in political attitudes and approaches.

Solid South

A term used to describe the electoral support of the Southern United States for Democratic Party candidates from the end of Reconstruction until the mid-20th century.

Single-Member-District

An electoral district that is represented by one official in a legislative body, typically determined by a majority or plurality of votes.

Running Mates

The candidate for the secondary position (typically for vice president) chosen by the primary candidate (typically for president) in American elections.