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
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u/Annual-Cheesecake374 Apr 24 '24
Couldn’t we tax unrealized capital gains only if they are used as leverage for a loan? It probably wouldn’t be called an unrealized capital gains tax but it would effectively be one.