Kamala Harris Supports Taxes On Unrealized Gains
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@G0vernanceOilLibertarianfrom Maine commented…2yrs2Y
If you own a house, subtract what you paid for it from the Zillow estimate.
Be prepared to pay 25% of that in a check to the IRS.
That’s your unrealized capital gains taxed owed under the Kamala Harris proposal.
@ParliamentAndyDemocratfrom New Jersey disagreed…2yrs2Y
Wrong. The Biden-Harris plan you are referring to only would tax unrealized capital gains *for people with more than $100 million in net assets*
Seems like an important caveat.
@G0vernanceOilLibertarianfrom Maine disagreed…2yrs2Y
Can’t wait for people to say “she will carve out an exception for us!” That’s never how it works. Communists never stop. She will hit “the rich,” which you think you aren’t, and then she’ll come for your house.
@ScornfulConstitutionalGreen from Wisconsin disagreed…2yrs2Y
Not true.
1. 25% wealth tax applies ONLY to those with $100M+ in active assets.
2. Primary home value is excluded.
3. Unrealised capital gains tax will apply to assets ACCRUED, meaning it is not retroactive.
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