Biden proposes capital gains tax of 44.6%, highest in history (user search)
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  Biden proposes capital gains tax of 44.6%, highest in history (search mode)
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Author Topic: Biden proposes capital gains tax of 44.6%, highest in history  (Read 780 times)
AGA
Atlas Politician
Junior Chimp
*****
Posts: 5,282
United States


Political Matrix
E: 1.42, S: -4.70

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« on: April 25, 2024, 10:29:20 AM »
« edited: April 25, 2024, 10:44:12 AM by AGA »
I've read that he also wants to tax unrealized gains for high earners at 25%.

In my opinion, the 44.6% rate is too high because shareholders already indirectly pay corporate income taxes.
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AGA
Atlas Politician
Junior Chimp
*****
Posts: 5,282
United States


Political Matrix
E: 1.42, S: -4.70

P P
« Reply #1 on: April 27, 2024, 11:59:15 AM »
Wouldn't the proposal to tax unrealized gains have the same problem as a wealth tax where every asset someone owns would have to be appraised, even those with ambiguous value? Seems like a logistical nightmare.
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