Biden capital gains tax plan would raise $113 billion if ‘step up in basis’ is killed, says Wharton

President Joe Biden is expected to call for higher capital gains taxes. But the U.S. would lose billions if the step-up in basis at death isn’t also eliminated.President Joe Biden is expected to call for higher capital gains taxes. But the U.S. would lose billions if the step-up in basis at death isn’t also eliminated.