re: #112 ericblair

OK, try this. Some random “fetus” gets a 529 plan. Doesn’t have to exist: it’s not like they have birth certificates yet. Benefactor puts some hinky security in it up to the max for the year, and through some magic (hi Mitt Romney!) with self-dealing the security magically is worth millions in a couple of months. Fetus dies! Oh woe, we’re all fucked up! But wait! 529 plan passes to the beneficiary, let’s say dear old Dad. Dear old Dad gets a stepped up basis on the value of the 529 plan because of the “death” of the plan holder, and behold, no tax on the millions in capital gains to poor bereaved Daddy-oh. #DRAINTHESWAMP

they’ll have to start issuing ssn’s to the //unborn//

that’ll mean a whole host of new regulations