evidence: Joe Biden has said he wants to get rid of the step up in basis at death for capital gains taxes. That sounds like kind of a boring thing to get rid of. He should spice up his campaign by calling this tax thing what it is sometimes also known as—the angel of death loophole. [...] Well, the Internal Revenue Code says that you, in your dead state, do not have to pay any income taxes on that Walmart stock. And, even better, whoever you leave the stock to also does not have to pay any income taxes on all that increase in value that happened before you kicked the bucket. Instead, they get the stock, and get to pretend as if they bought it for $100. In other words, their "basis" is now $100—it gets stepped up to whatever it is when you die. The difference between the $10 you bought it for and the $100 it was worth when you gave up the ghost never faces any income tax. Never. It might face some estate tax, but, it is income tax free. And that is the angel of death loophole. And that is what Joe Biden wants to get rid of. [...] So, next time you hear someone talk about the step up in basis at death for capital gains, you will know they are really talking about the angel of death loophole, and, you will know what it is.