The step-up in basis rule creates a lock-in effect by providing investors with a financial incentive to hold onto assets until they die to avoid capital gains taxes.

Authors

• Person: Not available Organization: Center for American Progress
  How the Government Subsidizes Wealth Inequality

Sources

• How the Government Subsidizes Wealth Inequality www.americanprogress.org Center for American Progress via serper

Referenced by nodes (2)

• capital gains tax concept
• step-up in basis concept