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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]She supports a tax on unrealized capital gains.

[twitter]https://x.com/Andreafreedom76/status/1822293095460839636[/twitter]

Americans Overwhelmingly Reject Harris-Biden Unrealized Capital Gains Wealth Tax |

The 2025 Biden budget proposes to tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers).  If this tax proposal went through, investors would flee the stock market and potentially create a stock market crash effecting even pensions of middle class Americans.  [/quote]

Wonder what percentage of the population has taxable income above $1 million. Like, why would this be "wildly unpopular" when it doesn't affect 99% of the population?[/quote]

Were you paying attention to what happened with the stock market a week ago?  That should be a warning about the folly of taxing unrealized capital gains.  [/quote]

Calling unrealized capital gains AT DEATH “unrealized” is a huge misnomer.

Money is taxed when it changes hands.

When you die, the money is going to change hands.

This is actually one of the fairest and most painless ways to generate tax income.[/quote]

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