Kamala Harris’s Proposed 25% Tax on Unrealized Gains: Could It Spell Economic Trouble?
Picture this: You invest $53,000 in the stock market, and your portfolio rises to $77,000. Under Kamala Harris’s new plan, you’d be taxed on the $22,000 increase—without even selling your stocks! But what if those same stocks drop to $47,000 next year? You’d still owe taxes on gains that have vanished. This policy could spark panic selling, destabilizing the market and potentially sending the economy into a downward spiral.
What do you think about this proposal? Could such a tax plan lead to unintended consequences for investors and the broader market?
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