Kamala Harris's Proposed 25% Tax on Unrealized Gains: A Recipe for Disaster?
Imagine investing $50,000 in stocks, only to see their value soar to $70,000. Under this new plan, you'd be taxed on the $20,000 gain - even if you haven't sold a single share! But what if those shares plummet to $45,000 the next year? You'd still owe taxes on money you no longer have. This could trigger a mass sell-off, sending shockwaves through the stock market and pushing the economy to the edge.
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