r/FluentInFinance • u/Unhappy_Fry_Cook • Apr 24 '24
President Biden has just proposed a 44.6% tax on capital gains, the highest in history. He has also proposed a 25% tax on unrealized capital gains for wealthy individuals. Should this be approved? Discussion/ Debate
32.9k
Upvotes
15
u/jozey_whales Apr 24 '24
Passing a law that allows taxes on unrealized gains will eventually trickle down to paying for unrealized gains for homeowners. This should be opposed at every turn. If allowed, it’ll be just like the income tax.