[temp2441139]

> This is a massive tax break for the wealthy.

Do you have a reference for this?

Any sort of gift or inheritance transfers the cost basis as far as I know.

[jmyeet]

Um, I don't know what information you're getting but this is easily Googleable eg [1]:

> The tax basis of property acquired by a beneficiary from someone who dies is ordinarily the property's fair market value at the date of the decedent's death.

[1]: https://www.fidelity.com/learning-center/personal-finance/wh...