Kamala Harris's Tax Overhaul: Unprecedented Capital Gains Hike in Over a Century!
Kamala Harris is proposing a landmark tax initiative that could see capital gains taxes soar to levels unseen in more than 100 years.
If she secures the presidency, the top capital gains tax could reach an unprecedented 46.7%, sending ripples through the stock market and the cryptocurrency sector. Additionally, Harris’s plan includes taxing unrealized gains and increasing corporate taxes from 23% to 31%, a move that’s set to transform the financial landscape.
The proposal has sparked intense debate, with opponents warning of potential job cuts, increased costs for consumers, and a dampening effect on investment returns.
Despite the pushback, Harris insists this bold strategy is crucial to addressing economic disparity and curbing corporate excesses. Could this sweeping tax reform redefine America’s financial future, or will it push investors to seek refuge elsewhere?
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