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Step up basis at death may distort home sales, Jordan Weissmann argues

Step up basis at death may distort home sales, Jordan Weissmann argues
Step up basis distorts home sale behavior

Jordan Weissmann argues that the step up basis provision at death encourages older individuals to retain ownership of their homes rather than sell them.

He points to this as an additional reason for policymakers to consider eliminating the step up basis, suggesting it distorts housing market behavior.

Weissmann has weighed in on other policy challenges in recent months. He previously questioned Washington, D.C.'s $25 minimum wage proposal, citing the impact of the city's ongoing recession. His commentary regularly addresses the economic effects of government action.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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