The Kamala Harris campaign has made one of its fir
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Posted On: 08/26/2024 9:22:16 AM
The Kamala Harris campaign has made one of its first concrete policy proposals this week with a tax plan. The centerpiece of the plan is a series of high-end tax increases on corporations and wealthy households worth approximately $5 trillion over 10 years. Specifically, Harris has proposed enacting the tax increases detailed in President Biden's budget released earlier this spring.
One issue in this plan has captured specific attention: a new tax on unrealized capital gains. Biden, and now Harris, have proposed levying an annual tax on the static wealth of households worth more than $100 million. Specifically, households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains.
So when they are done Taxing the Wealthy households & Corporations
will thay come after the Middle class and the Poor ? ? ? Not a Chance Ha Ha Ha
One issue in this plan has captured specific attention: a new tax on unrealized capital gains. Biden, and now Harris, have proposed levying an annual tax on the static wealth of households worth more than $100 million. Specifically, households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains.
So when they are done Taxing the Wealthy households & Corporations
will thay come after the Middle class and the Poor ? ? ? Not a Chance Ha Ha Ha
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