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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 ...
A tax proposal embraced by Vice President Kamala Harris ... How a tax on unrealized capital gains would work. ... impacted taxpayers would be required to pay a minimum effective tax rate of 25% on ...
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 the United States reportedly being ...
Harris plans to tax unrealized stock gains — but only for people worth $100 million ... out that Kamala Harris wants to tax *unrealized* capital gains," he wrote in the post on X. "The main ...
Hence, even after paying the min-tax, the rich person would get pounded by an additional tax of 14.6% on the sale (the difference between the 25% min-tax and the 39.6% that the Green Book advocates).
[195] [196] Harris has stated she supports increasing the top tier capital gains tax rate to 28%, up from 20% and lower than Biden's proposed 39.6%. Harris has stated her support for a Billionaire Minimum Income Tax, increasing the tax on stock buybacks to 4%, and a ten-fold tax reduction for small business ranging from $5,000 to $50,000 in ...
Currently, capital gains aren't taxed until assets are sold for any income level, but this plan would open a thin slice of the richest Americans to a new minimum tax of 25% of their "income ...
The Biden-Harris 2025 budget proposal would repeal the provision of Donald Trump’s 2017 Tax Cuts and Jobs Act that lowered tax rates for high earners to 37%, “restoring the top tax rate of 39. ...