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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 ...
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 ...
Unrealized capital gains tax proposals may be floating back into the zeitgeist as the Harris presidential campaign marches on, but for some, the noise around it is much ado about nothing ...
The proposal backed by Harris would only apply to a narrow — and very wealthy — slice of the population: people whose net worth is at least $100 million. That's about 10,660 people in the U.S ...
The vice president hasn’t released a tax plan, but her campaign says she endorses the proposal made by President Biden. It would’ve included the first ever tax on unrealized capital gains, but ...
Harris has proposed a long-term capital gains tax rate of 28% for those earning $1 million or more, which contrasts with Biden's 39.6% rate suggested in his fiscal 2025 budget.
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.
Short-term capital gains—meaning those applying to assets held for less than one year—are taxed at various rates between 10 and 37 percent, depending on a person’s total taxable income. Long ...