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If the Biden-Harris proposal becomes law, Harry gets an immediate tax hit of $22.5 million (the 25% minimum rate times the $90 million cap gain). At the end of year one, his “cost basis” would ...
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 ...
Under Biden’s budget proposal, unrealized gains on assets would also be subject to the minimum tax, unlike current law. Plus, she is in favor of quadrupling the tax on stock buybacks to 4%.
Kamala Harris is unlikely to endorse Biden's plan, Cuban said. Any proposal to tax unrealized capital gains would "kill the stock market," the billionaire investor Mark Cuban said in a CNBC ...
Vice President Kamala Harris' endorsement of a Biden administration plan that includes a tax on stock holdings that have grown in value has emerged in recent weeks as a talking point among ...
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 ...
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 ...
The proposal to tax unrealized capital gains of the wealthiest Americans has sparked significant debate since President Joe Biden included it in his administration's fiscal 2025 budget.