New Capital Gains Tax Plan from Kamala Harris Explained | How it Affects Your Investments

Learn how Kamala Harris's new capital gains tax proposal could affect your investments and small businesses. Discover the key changes, including a smaller tax hike, and what this means for the future of the economy.

In today's tax news update, you’ll explore Kamala Harris’s new capital gains tax proposal and what it could mean for investors, small businesses, and the overall economy. You’ll learn why Harris’s plan introduces a smaller tax hike than Biden’s original proposal, how it could impact your investment decisions, and how it aims to boost small business growth. Topics like the capital gains tax rate, startup-expense deductions, and investment incentives will be explained in simple terms. If you're interested in how taxes affect your investments or small business, this content provides an easy-to-understand breakdown of these crucial financial changes.

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Information is for educational and informational purposes only and is not be interpreted as tax, financial, investing, or accounting advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your professional advisor.

[itzjezzeify]

Isn't this on unrealized gains though? So it doesn't directly affect people who are selling or going to sell

[Frkdsnbrd]

This only affects WEALTHY people. Wealthy people who have a net worth of $100M so this doesn't affect the majority of Americans.

[acurtis]

People will invest elsewhere where returns are better