Wealth holders can avoid taxes on accrued capital gains by delaying the sale of assets, and at death, these deferred gains are exempted from income tax because heirs reset the asset basis to the value on the date of death.

Authors

• Person: Not available Organization: Tax Policy Center
  How Government Tax And Transfer Policy Promotes Wealth Inequality

Sources

• How Government Tax And Transfer Policy Promotes Wealth Inequality taxpolicycenter.org Tax Policy Center via serper

Referenced by nodes (1)

• capital gains concept