Kamala Harris proposes 25% tax on unrealized gains for high-net-worth individuals
Falling in line with President Joe Biden’s tax plan, which would increase the capital gains tax to 44.6% and the unrealized gains tax to 25%, Vice President Kamala Harris vowed to support the plan if elected. If adopted, the tax plan would bring $5 trillion in revenue over the next decade, allowing the U.S. government to address the growing deficit and potentially start reducing the ever-increasing debt, which recently surpassed the $35 trillion mark. Who will be affected by Harris’s unrealized gains tax? It’s worth noting that Biden’s proposed 25% tax on unrealized gains would solely affect individual taxpayers with over $100 million in net assets. Picks for you Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings 44 mins ago Kei...