According to the Congressional Budget Office, 21 percent of the federal revenue reduction caused by the step-up in basis rule benefits the top 1 percent of income earners.

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)

• step-up in basis concept
• Congressional Budget Office entity