Imagine: A $50,000 Investment Grows to $70,000—But You Have to Pay Taxes on the Unrealized Gain!**
Under Kamala Harris’s new tax plan, you’d be taxed 25% on a $20,000 gain, even if you hadn’t sold your stocks. That’s right—you’d be taxed on the money that’s still tied up in the market! 😳
But here’s the bigger problem: What happens if the market crashes and your $70,000 investment drops to $45,000? You’d still have to pay taxes on the vanished gain.
This could trigger panic selling as investors scramble to pay their taxes, potentially leading to a stock market crash and severe economic damage.
Are We Heading for Disaster?
This proposed tax on unrealized gains could turn the stock market into a ticking time bomb. Here are some of the possible outcomes:
- A squeeze on the middle class: Retirement savings and college funds could be at risk.
- A stock market crash: Panic selling could send prices tumbling, wiping out billions of dollars.
- An economic meltdown: A major recession could send us spiraling into another financial disaster.
👉 What do you think? Is this tax plan dangerous, or will investors adapt? Share your thoughts—things could get very difficult in the future.