Many see the "step-up in basis at death" rule of § 1014 as an expensive tax loophole enjoyed by the wealthy. Find the latest estimates of the revenue loss to the Treasury that is attributable to this rule.

a. How does Canada's tax law determine the basis of property acquired from a decedent?

b. Send an e-mail to a member of the House Ways and Means Committee expressing a preference for the preservation of the current § 1014 rule or the modifications made to it by the Tax Relief Reconciliation Act of 2001 and the Tax Relief Act of 2010.