"You pay taxes when you bequeath it to your children." That is the estate tax. If don't have estate tax, then capital gains are never taxed. Currently, the ta

"You pay taxes when you bequeath it to your children." That is the estate tax. If don't have estate tax, then capital gains are never taxed. Currently, the tax basis for capital gains is stepped up to current value when inherited. It would be reasonable to not require capital to be sold to pay estate tax. That could be accomplished by not resetting the basis on inheritance.