This article by Louis Lehot originally appeared on louislehot.com on May 13, 2021: Venture capital in the headlights: How President Biden’s proposed changes to capital gains could impact the innovation economy
The President also wants to reimpose significant taxes on inherited
wealth, closing the loophole in the tax code that allowed recipients
to receive a step-up in basis on appreciated assets and pay capital
gains upon subsequent sale upon the quantum of appreciation
from death.
