Critics say Harris proposal to tax unrealized gains is unconstitutional

Published: Aug 28, 2024 Duration: 00:01:04 Category: News & Politics

Trending searches: harris unrealized capital gains
9 P.M. EASTERN TIME. ALL RIGHT, MARK, THANK YOU. AND ONE KAMALA HARRIS POLICY GETTING MORE ATTENTION THESE DAYS IS THE PROPOSAL TO TAX. >>UNREALIZED GAINS. THIS IS WHEN PEOPLE GET TAXED OVER INVESTMENT GAINS THAT ONLY EXIST ON PAPER. THE HARRIS WALLS TICKET PROPOSING A 25% TAX ON UNREALIZED CAPITAL GAINS FOR PEOPLE WITH MORE THAN $100 MILLION IN WEALTH. JUAN HARRIS CAMPAIGN REP GOT GRILLED OVER THAT VERY ISSUE. >>IF YOU ARE TAXING UNREALIZED GAINS, ALL YOU'RE DOING IS PULLING FORWARD THE TAXES THAT WOULD BE PAID LATER WHEN SOMEONE ACTUALLY SELLS THE STOCK. >>I, I, I, I THINK THAT THIS REACTION TO UNREALIZED GAINS IS A LITTLE FUNNY GIVEN THAT I BET THAT THE MAJORITY OF PEOPLE WATCHING RIGHT NOW ARE ALREADY PAYING A TAX ON UNREALIZED GAINS. IT'S CALLED A PROPERTY TAX WHEN THE VALUE OF YOUR HOME GOES UP THAT'S THAT'S THE VALUE OF YOUR HOME GOES UP, YOU PAY HIGHER TAXES EVEN IF YOU DON'T SELL YOUR YOUR VALUE OF YOUR HOME NEVER MOVES THE WAY THE STOCK MOVES THE WAY SOMETHING'S ALWAYS THE GO TO ANSWER. >>AND THOSE HOSTS SAID THE TAX IS LIKELY UNCONSTITUTIONAL. ONE PROJECTION SAYS THE

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