Harris' tax plan exposed: cryptocurrency investors take note!

Hello everyone, today we focus on a topic that could have a significant impact on cryptocurrency investors, that is Kamala Harris' tax plan.

There have been recent rumors that if Harris is elected president, she may introduce an unrealized capital gains tax, which has caused many people to worry about their cryptocurrency gains. Let's see what's going on?

First of all, Harris's campaign team did say that she would support Biden's proposal to increase taxes on the rich, which does mention a 25% tax on unrealized capital gains. However, this tax is not for everyone, but mainly for the super-rich with annual income or wealth exceeding $100 million.

According to Semafor, CRFB Senior Vice President Marc Goldwein also pointed out that Harris' plan does not specifically mention this tax. Moreover, the minimum 25% tax mentioned in Biden's budget proposal usually includes unrealized capital gains, but this only applies to the richest Americans.