Would be a mess to administer. Only works easy if the assets are in stock market. Illiquid assets would be very complicated.
Would create a while lot more "shielding structures" private foundations and charities that are largely make believe.
Senate Democrats propose capital-gains tax at death with $1 million exemption
A group of senators proposed a plan Monday to get rid of the co-called "step-up in basis" and tax unrealized capital gains at death.
Read in CNBC: https://apple.news/AJk6b5jd3R-eanT0oY6D_5A
Shared from Apple News
Sent from my iPhone
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