Day 36 and this comes out from Heels Up

[Lionfish]

Kamala Harris backs Biden’s tax proposals — including a tax on unrealized capital gains​

Unrealized Gain Tax—A Coming Sea Change in FY2025 Budget Proposal?​

So, I invest $100,000 in stocks.
That year the value goes up to $150,000
I still hold the stocks BUT the government taxes me 25% on the $50,000 increase
The following year the value of those stocks drops to $90,000 Good news, I don't have to pay unrealized capital gains tax.
The next year they return to $125,000. Once again, I get to pay a 25% tax on $25,000 the stocks value increase that I still own
Rinse and repeat.
My 401K
My Pension fund
My home value
My kids baseball card collection?

 

[Lionfish]

 

[TOP]

She has a lot to answer for.... She promised to do interviews And answer questions by the end of the month... She's running out of time...