A 20-30% Tax on Paper Profits? Kamala Harris Could Spell Trouble.
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Think.about it: You invest $3,000 in stocks, and their value jumps to $30,000. Now, under a new proposal, youâd face taxes on that $6,000 gainâeven if you havenât sold any shares! But what if those shares fall to $19,000 the following year? Youâd still be liable for taxes on profits you no longer have. This could lead to widespread sell-offs, sending shockwaves through the market and possibly pushing the economy to the edge. Are we on the verge of another Great Depression?
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