America's downward spiral summed up in a few sentences...

[FHRRK1]

8. Exactly and to add

A person can inherit the millions, use the step up clause, then down the road take a deduction for LOSSES, on that stepped up amount.

So parents have a stock portfolio where they bought various stocks at $100 per share, children inherit and stocks are all worth $200 per share. A couple years later you need a write off,… hey let’s sell that stock that went from $200 back to $100, and you have a $100 write off!