Biden proposes highest-ever 44.6% capital gains tax, plus 25% tax on unrealized gains for wealthy.

Sharing is Caring!

The specter of taxing unrealized capital gains looms large, evoking incredulity and alarm from critics who decry its potential economic havoc. With proposals for compounding taxes annually, the notion of siphoning 25% of potential growth before it even materializes strikes fear into the heart of economic stability. Amidst assurances that such measures target the wealthy, skepticism abounds over the practicality and consequences of implementing such sweeping taxation policies. As debate rages on, the ramifications of this galaxy-brained idea reverberate across financial circles, igniting fears of an economic reckoning.


See also  Mike Lee proposes Vivek or Elon for House Speaker.... Look out Democrats, Elon has a new plan.
See also  Mike Benz: Biden admin paid Reuters $300M; 11 agencies targeted Elon’s businesses.

https://wltreport.com/2024/04/24/joe-biden-pushing-biggest-tax-increase-100-years/?utm_source=PTN&utm_medium=mixed&utm_campaign=PTN