Kamala Harris Supports Tax on Unrealized Capital Gains: What It Means for Wealthy Households

What it means for everyone. If you own a house, you already pay unrealized capital gains in the property taxes that go up every year.

If you bought a house for $250,000 and it's now worth $500,000:

$250,000 x 25% unrealized capital gains tax=
$62,500.00 owed to the IRS

This is the killing of the middle class taken to the enth degree.

MAJ Dale E. Wilson, Ph.D. Harris doesn't know how to have an original thought. Biden already wanted to do this earlier in his presidency. I don't think it will pass because it will affect every congressman and woman.