00:00The largest tax break in this country is triggered the moment a billionaire heart finally stops
00:04beating. While the IRS tracks every single dollar of your labor, they ignore trillions
00:10in elite investment gains. Billionaires hold their massive portfolios until death to activate
00:16a very quiet, generational accounting reset rule. This step-up rule changes the original
00:22purchase cost to the current high market value almost instantly. This legal maneuver erases
00:2840 years of capital gains taxes from the federal ledger forever today. Their children inherit
00:34the entire fortune as if the initial cost was today's very expensive price. You are forced
00:40to pay for the entire system's upkeep with every single paycheck you earn. The elite avoid
00:46this civic responsibility by simply outliving the tax code's narrow ability to collect.
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