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Let me quote from my own comment: > What's particularly gross about this is that many asets in many countries can be inherited by children on what's called a s
by jmyeet 11mo ago
Let me quote from my own comment:
> What's particularly gross about this is that many asets in many countries can be inherited by children on what's called a stepped up basis, meaning the base value for determining any capital gains taxes resets to the current market value when the owner dies. This is a massive tax break for the wealthy.
- staticassertion 11mo agoRight, I read your comment. You still clearly state that this is a loophole and when you then follow up to say "particularly gross" the clear implication is that it's a "gross loophole". The ability to borrow against an asset is not a loophole.