Reported about 11 hours ago
Vice President Kamala Harris' proposal for a 25% tax on unrealized capital gains aimed at the ultra-wealthy has sparked significant debate. Critics, including financial experts like Jason Katz from UBS, argue that it creates an 'accounting nightmare' and could destabilize the capital markets by taxing gains that might not be realized. While supporters claim it is a necessary measure to address wealth inequality, detractors highlight logistical challenges and contradictions within the proposal.
Source: YAHOO