Robert Reich: The Secret Tax Loophole Making The Rich Even Richer – OpEd

How do we prevent America from becoming an aristocracy, while also funding the programs that Americans desperately need? 

One way is to get rid of a tax loophole you’ve probably never heard of. It’s known as the “stepped-up basis" rule.

Here’s how the stepped-up-basis loophole now works. Take a man named Jeff. At...