Harris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% tax

Vice President Kamala Harris proposed a 28% tax on long-term capital gains for any household with an annual income of $1 million or more, lower than the 39.6% rate that President Joe Biden laid out in his 2025 fiscal year budget.

[Michael-mitn]

The worst incentive is more taxes toward the governments reckless spending. Aka, 34 trillion in debt plus interest.

[robinhoverson]

But somehow you and your friends won't have to pay this tax

[gregwadinger]

I’ve heard this crap before and don’t believe it, tell us how you want to tax unrealized capital gains though because that is DANGEROUS

[TorukMaktoDracarys]

Yeap, that's exactly what we need to do, slow down the Economy Even More, & send investors & companies overseas, great idea I can't believe no sane person thought of it before. & get ready to pay even more for EVERYTHING

[PorscheSpeedster-kznc]

So as you know, we will increase capital gains tax rate to discourage investment and decrease prosperity in our capital markets!!! 😔😢

[trampcaldwell]

She says encourage ?....more like force

[kiiwbmf]

I'm so unhappy with this if banks start to start to lose money and then us the people are screwed, there no where else to go

[jackcountryman]

Flat tax for every American. Same percentage across the board

[robertfranklin]

Just repeating something that someone else said doesn't make it your idea

[oneforthemoney]

How does increasing capital gains taxes encourage investment? If anything, wouldn’t it discourage investment?

[sibb]

Yeah but she is ahead in the polls 🤣🤣🤣🤣🤣🤣. 🙄

[sirloin]

Unrealized Losses Skyrocket to $517 Billion, Raising Alarms as Risks Mount, FDIC Warns in Q1 2024 Report

[TheInternetComplaintDepartment]

Harris also plans on Taxing: Hope, Kittens, Rainbows, and The American Dream. #StrongestEconomyEver

[piku]

No mention of normalizing worker co-ops from republicans nor democrats🇵🇸Ⓐ☭🏳️‍🌈🏳️‍⚧️💫

[Makedonac]

[] [] Blessed Most Are Them Who Donate To The Poor [] [] [] Upper Canada
KJV*
Yes, I would for five silenT' weeks' O'nighT
Amen