this post was submitted on 19 Sep 2024
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Yea this is a bad idea. All this will do is force small investors-think people that have made maybe a million dollars in their life and are retiring at 70-to pay taxes they don’t have cash to pay.
The Harris proposal kicks in at 100 million dollars lol if you have over 100 million dollars in unrealized gains you are not a small investor and should pay your taxes.
most people don't understand how tax brackets work
Yeah and most people like to pretend someday they could have that much money too, not realizing it's strictly generational and they'd already have it.