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Other objections to the Biden and Harris proposal include that the value on unrealized assets can decline by as much, or just as soon, as they've increased — meaning someone will have paid a tax ...
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. ... Harris has proposed a major, 10-fold tax deduction for small ...
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 ...
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.
While Biden proposed to move the long-term capital-gains tax rate to 39.6% for households with taxable income of more than $1 million, Harris says that's too high and has proposed raising it to 28 ...
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 ...
Harris, on Wednesday, clearly was attempting to find a middle ground with her 28% proposal, saying, "We will tax capital gains at a rate that rewards investment in America's innovators, founders ...