Repealing step-up in basis broadens the capital gains tax base, but the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) assume this broader base is taxed at current reduced capital gains rates rather than higher rates.

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