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Under the Harris/Biden proposal, all households with more than $100 million in net assets would pay a minimum tax of 25% on their combined income and unrealized capital gains. This would most ...
One of Vice President Kamala Harris' proposed tax plans is to implement an unrealized capital gains tax for individuals with net wealth above $100 million. With the United States reportedly being ...
"A few weeks ago, I started pointing out that Kamala Harris wants to tax *unrealized* capital gains," he wrote in the post on X. "The main objection I heard was 'she’ll never actually do this.'
Harris has proposed a long-term capital gains tax rate of 28% for those earning $1 million or more, which contrasts with Biden's 39.6% rate suggested in his fiscal 2025 budget.
Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. About 875,500 taxpayers – or 0.54% – reported having that ...
The vast bulk of that all-in figure is likely to be the unrealized capital gains this rich person wasn’t paying tax on before. The biggest hit would come in the year the plan is enacted.
While Biden proposed to move the long-term capital-gains tax rate to 39.6% for households with taxable income of more than $1 million, Harris says that's too high and has proposed raising it to 28 ...
The Kamala Harris campaign has ... A proposed tax on unrealized capital gains for ultra-wealthy Americans has garnered the most attention, and its critics have pointed out various flaws: It would ...