The Step Up Loophole

The tax loophole that you're referring to, I mentioned last week, it's the step up loophole. The idea here is that the stock would be sold. You would get the money and then you could reinvest it if you wanted. That makes sense to me because what you're doing is you're paying capital gains on the thing itself. It's a way to avoid paying inheritance taxes or just to pay capital gains taxes. And I think it's one that we would do well to close.