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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 a 25% minimum tax rate on ...
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 ...
Billionaires are fuming about Kamala Harris’s ‘unrealized’ capital gains tax proposal—and getting it to work would be a heavy lift Shawn Tully Updated September 4, 2024 at 1:04 PM
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 ...
Most recently, the Biden administration proposed an unrealized capital gains tax for those with a net worth of over $100 million. The proposal could affect more than 10,600 people in the US ...
The proposal would impose a minimum 25% tax on a combination of income and unrealized capital gains, according to The New York Times. But the targeted nature of the proposed tax is critical ...
However, Harris' capital-gains tax rate proposal does not break from a more controversial part of Biden's budget involving so-called unrealized capital gains. Biden proposed a new 25% tax on ...
Biden wants to impose a minimum 25% tax on all Americans with assets greater than $100 million. ... experts say he would have to tax unrealized gains — unsold profits from increases in asset ...