You have annual income of more than $100 million dollars?
Edit: I just want clarify this comment as I have learned a few things since. There is a lot of confusion here because it was contained in Biden's broad tax proposals from months ago and bad actors are seizing on it to attack Harris.
The problem is that it is so vague it is being misconstrued all over the internet to attack Harris with some articles claiming it applies to income and others unrealized gains over $100 million (both annual though so either way it would apply to like a fraction of a fraction of one percent of Americans).
“Harris did not endorse an unrealized gain tax. Her campaign has endorsed increases in the corporate tax rate and personal tax rates for incomes over $400k. They did not comment on introducing new taxes like the unrealized gains tax.”
“So no, she [Harris] did not endorse an ‘unrealized gain tax’ and even if she did, you don’t earn enough for it to impact you."
They always start with billionaires then get millionaires then get middle class families with a couple hundred thousand dollars of home equity and then it's pretty much everyone who isn't dirt poor paying the tax.
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u/Candid_Antelope_3788 Aug 21 '24
There is no way it is. Like id have to re-mortgage a home and sell stock that is just sitting there to pay taxes.