alt Hacker News> The US should also get rid of the step up in basis at death.
This would actually fix the issue without my suggestion, but it is a harder pill to swallow for the "soon to be rich" Americans that tend to vote against their current economic interests.
That classic argument for step up is that a farmer’s son inheriting the farm suddenly owes a lot of taxes which he can’t pay without selling the farm.
Is this a real problem? And how do we fix that?