Court records, news reports

Kamala Harris Adviser Confirms 45% Tax on Unrealized Gains

Aug 28, 2024, 05:02 PM

Kamala Harris's economic adviser, Bharat Ramamurti, has confirmed plans to tax unrealized capital gains, according to multiple reports, including CNBC. This proposal, which has been discussed as a part of Harris's economic policy agenda, suggests taxing gains on investments that have increased in value but have not been sold. The plan has been met with skepticism and debate, as taxing unrealized gains is considered unconventional and could have significant implications for investors. The proposed tax rate is reported to be as high as 45%, which has sparked further discussion and concern among stakeholders.