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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 ...
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 ...
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 ...
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 ...
These include a new 25% minimum tax on people with fortunes exceeding $100 million, including on unrealized capital gains. For those earning more than $1 million annually, Harris has proposed ...
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 ...
The proposal would impose a minimum 25% tax on a combination of income and unrealized capital gains, according to The New York Times. But the targeted nature of the proposed tax is critical ...