An unrealized gain is an increase in the value of an asset or investment that an investor has not sold, such as an open stock position. A proposal in the Biden-Harris Administration’s 2025 budget would require households with more than $100 million in wealth to pay income taxes of at least 25 percent of their annual income, including their unrealized capital gains — gains in the value of assets that they have not yet sold. Critics argue that unrealized capital gains, which are a primary source of income for many extremely wealthy households, are mere “paper” gains that do not constitute real income (though they meet a textbook definition of income). Proponents argue that unrealized gains make asset owners (such as Jeff Bezos and Elon Musk) rich unless they sell their companies’ stock.
Statistics are shown for this demographic
Response rates from 471 Fulton voters.
33% Yes |
67% No |
33% Yes |
67% No |
Trend of support over time for each answer from 471 Fulton voters.
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Trend of how important this issue is for 471 Fulton voters.
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Unique answers from Fulton voters whose views went beyond the provided options.
@n35w101 8mos8MO
Yes, real estate is already taxed annually based on their current valuation, even when not sold. I see no reason why other assets shouldn't be treated similarly.
@9TSRQSW8mos8MO
25% is way to much to tax anybody, just because they are making more money than others doesn't mean that they should get a quarter of their annual income taken from them
@9TRLW9J8mos8MO
The value of an asset is based on what someone is willing to pay for it. If the item has not sold then there is only speculation on the value. It’s not fair to tax anyone on someone else’s speculation of value.
@9TSHCBZ8mos8MO
Only if two criteria are met: 1. it would only apply to individuals with net unrealized gains in a given year of $100 million + 2. they would be able to take unrealized losses against the unrealized gains.
@9TSHJQ28mos8MO
No, unrealized gains can drop due to the nature of them not being sold. Only realized gains should be taxed because they are locked in. Unrealized gains can become a loss quickly.
@9TTFYGH8mos8MO
I can swallow my pride and acknowledge that I'm not educated enough to give a nuanced answer on this topic. If you're asking "should we tax Bezos' 38 trillion Amazon shares he hasn't sold yet" then sure, why not
@9TTXNZC8mos8MO
If it means the super wealthy don't have to pay as much taxes as the poor then yes they should be taxed.
@B4BQNLZ2mos2MO
No, instead increase the income tax rate and remove all existing tax loopholes for large corporations
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