June 10, 2021

Market Watch: How would Biden’s tax hikes hit the wealth of Jeff Bezos, Elon Musk and other billionaires? First, they’d have to die, experts say

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“The whole exposé is really an argument for the Biden proposal to tax unrealized capital gains at death,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute on Taxation and Economic Policy, speaking about the ProPublica investigation.

“I do think if you tax gains at death, it would be a huge step forward. You can’t really say we fixed our tax code unless you do that,” he added. Read more



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