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A comment on ProPublica's tax story. Parent comment

Re:ProPublica's tax story by bradleyjg on Wednesday June 09, 2021 @10:12PM (#27455971)
If you lowered the estate tax exemption to $50,000—-just enough to avoid having to value personal property—-then the step up basis rule would be fine. But at $11MM it’s a major loophole.
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Re:ProPublica's tax story by nullc on Friday June 11, 2021 @11:27PM (#27481244)
"sorry, I know you've spent the last 10 years living with your aging mother in her home, but now that she's passed away you'll have to sell it to pay the 40% in its value in estate taxes" -- not so attractive. :)
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Re:ProPublica's tax story by bradleyjg on Saturday June 12, 2021 @01:08PM (#27485825)
No one likes paying taxes. But the status quo you are advocating for is a major loophole. It allows for significant amounts of capital gains to never be taxed at all. That inappropriately favors capital over labor.
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