David Koch’s Heirs Will Enjoy the Biggest Tax Loophole Nobody Talks About

It’s called step-up in basis, and it wipes away all capital gains in his $50 billion estate.


Fortify your mind! Join the Prospect today

Support The American Prospect's independent, nonprofit journalism by becoming a member today. You will stay engaged with the best and brightest political and public policy reporting and analyses, and help keep this website free from paywalls and open for all to read. Our membership levels offer a range of perks including an opt-in to receive the print magazine by mail.