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Date Posted: 08:05:35 08/29/24 Thu
Author: Irish Jim
Subject: Kamala Harris plan to tax unrealized capital will destroy middle class! Proven TRUE by SNOPES





What's True
It's true Harris endorsed a plan to institute a 25% tax on unrealized capital gains



Yes, Harris Plans to Institute 25% Tax on Unrealized Capital Gains.

The plan will be "the absolute end of the middle class," U.S. Rep. Lauren Boebert, from Colorado


Unrealized capital gains describe the value an asset has gained while under someone's ownership. Realized capital gains are the effective profit at the sale of one's assets. So for example, if someone bought a house in 2012 for $200,000 and the house is now worth $250,000 but that person still owns it, the unrealized capital gains are $50,000. These are also known as "paper" gains.



https://www.snopes.com/

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