Reported about 1 month ago
Raymond James' chief investment officer, Larry Adam, expressed skepticism about the likelihood of Vice President Kamala Harris's proposed unrealized capital gains tax passing, citing the complexity and subjectivity of assessing asset values. Historical attempts at such a tax have faced significant resistance. Analysts believe that while the proposal impacts a limited group, the economic implications could be severe for households and the broader market, especially with the impending expiration of the 2017 tax cuts. Despite the ongoing presidential campaign, experts foresee minimal chances for the tax implementation.
Source: YAHOO