this post was submitted on 10 Oct 2025
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We should absolutely be closing tax loopholes like this. Everything I’m about to say should be viewed in that light.
If the society says “here’s a situation where you don’t have to pay us” and you choose to be in that situation, is it really theft?
This is really leveraging the “step up in basis” which has been done to simplify distributions from wills and help farmers, but has always been very controversial.
https://en.wikipedia.org/wiki/Wikipedia:Ain%27t_no_rules_says_a_dog_can%27t_play_basketball
Oh, I'm savin' this one