One loophole is the step-up basis that applies when the owner dies. Not sure why... | Hacker News

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		dsizzle on Oct 27, 2021 \| parent \| context \| favorite \| on: Tim Sweeney: Tax bill would likely end founder con... One loophole is the step-up basis that applies when the owner dies. Not sure why that wasn't targeted instead (maybe because the current plan produces revenue more quickly?).

tedunangst on Oct 27, 2021 | [–]

"Billionaire tax" plays better than "death tax" so we get tax policies that fit into 30 second commercials, not those that make economic sense.

abeyer on Oct 27, 2021 | | [–]

So why not a "dead billionaire tax"? The heirs to fortunes seem likely to get even less sympathy than the ones who actually built them.

Msw242 on Oct 27, 2021 | [–]

Reads like a cash grab to me.

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