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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 ...
With the United States reportedly being home to 37% of the world’s millionaires, around 10,000 wealthy individuals could be met with a 25% minimum tax rate on income over $100 million, including ...
The most controversial idea by far is a plan to tax the unrealized capital gains of households if their net worth exceeds $100 million. ... minimum tax of 25% of their "income" — alongside a ...
A billionaire minimum tax on unrealized capital gains would apply to taxpayers whose net worth is above $100 million, as proposed by the most recent Biden-Harris administration’s budget proposal ...
By most estimates, the top 1% has approximately 40% of their wealth tied up in unrealized capital gains. The lack of taxes on capital gains has been considered by some economists and tax experts ...
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 ...
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
A 28% tax on long-term capital gains for any household with an annual income of $1 million or more. ... The tax is equal to 25% of the sum of a taxpayer’s taxable income, plus net unrealized ...