đ¨đ¨Could New Tax Rules Cost You $20K? Your Dollars Are at Risk!đ¨
Imagine this: You wisely invest $50,000 in the stock market. Over time, your shares increase in value, reaching $70,000âgiving you a solid $20,000 gain. Sounds like a win, right? But hereâs the kicker: under Kamala Harris' proposed 25% tax on unrealized gains, you'd owe taxes on that $20,000âeven if you havenât cashed out yet.
Now, picture this: after paying taxes on that unrealized profit, the market takes a nosedive, and your shares drop to $45,000. Youâve already paid taxes on âprofitsâ that no longer exist, leaving you with less money than you started with. What do you do next?
This scenario isnât just hypothetical. It could become a harsh reality for millions of investors. Faced with the burden of paying taxes on gains they never realized, many may be forced to sell off assets to cover their bills. This rush to liquidate could send the stock market spiraling downward, leading to a collapse of confidence in the financial system.
Are we on the verge of a repeat of the Great Depression? Could aggressive tax policies spark the next financial meltdown? As investors brace for impact, the future of the economy may be hanging in the balance.
Whatâs your opinion, are we staring at an economic catastrophe?
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