Proposed 25% Tax on Unrealized Capital Gains: A Recipe for Disaster?

Kamala Harris' plan to tax unrealized capital gains has sparked controversy. Here's how it works:

- Buy shares for $100,000, and their value rises to $150,000.

- You'd owe 25% tax on the $50,000 gain, despite not selling or making a profit.

- If the stock's value drops back to $100,000, you've paid tax on a gain that no longer exists.

This proposal could lead to:

- Forced selling of assets to cover tax bills, harming long-term investment and economic growth.

- A potential stock market crash and another Great Depression.

Share your thoughts on this proposal in the comments! #elections2024 #kamalaharris #BTC☀ #BinanceLaunchpoolDOGS