No. of Recommendations: 1
{{The reason they include unrealized capital gains is because at very high levels of wealth there is essentially no need to ever realize the capital gain. They can sit on the wealth and let it snowball until they die. If they can eliminate the estate tax, the snowball can grow for eternity}}

if the real problem is at the point of inheritance, then deal with it here. Don't make up a phony "unrealized capital gains" as income so we can make phony claims about income inequality.

I have long proposed that the capital gains tax rate should go away. Instead, when an asset is sold, whether by the original owner or an heir, that the total, inflation adjusted gain should be taxed just as income. If the person does not know the real basis for the asset, then the basis is $0.
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