Do you support Kamal Harris wanting to tax unrealized capital gains?
Published: Aug 27, 2024
Duration: 00:01:00
Category: People & Blogs
Trending searches: harris capital gains tax
this is how kamla Harris will single-handedly destroy the US economy she recently announced her support of taxing unrealized capital gains this is how it can have serious Economic Consequences currently you don't pay taxes on the increased value of an asset like a stock or property until you sell it and actually make a profit however Biden and Harris proposed taxing this unrealized gain at 20% in 2022 later raising it to 25% although it hasn't become law the idea hasn't been aband Abed imagine being a farmer or small business owner whose property rises in value or think of a startup founder with a company that's worth a lot on paper but has no cash on hand this tax would force them to sell assets just to pay the tax even if they don't have the money this kind of forced selling could lead to a massive sell-off in the markets driving down prices and potentially causing a market crash even some Democrats oppose the policy but only because they believe it won't happen not because