Obama to use State of the Union to call for hundreds of billions in tax increases | WashingtonExaminer.com

Obama to use State of the Union to call for hundreds of billions in tax increases | WashingtonExaminer.com:

"In addition to hiking the capital gains tax to roughly double where it was when he became president, Obama will seek to charge capital gains on assets held until death and then passed on to heirs. Under current tax law, such inheritances are not subject to income taxes and only face diminished capital gains taxes if they are later realized by heirs, in what a White House description of the plan called “perhaps the largest single loophole in the entire individual income tax code.”