Reported about 2 months ago
Vice President Kamala Harris has supported a proposal to tax unrealized capital gains for individuals with assets over $100 million. Critics of the plan often misinterpret it, claiming it penalizes asset ownership or is logistically impossible. The author argues that taxing unrealized gains is not only feasible but is similar to how property taxes and fund management fees are handled. This taxation scheme aims to address the low tax rates typically paid by the ultra-rich.
Source: YAHOO