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Showing posts with the label tax plan

Kamala Harris proposes highest Capital Gains Tax in over 100 years for stocks and crypto

Earlier in 2024, there was a significant backlash to President Biden’s proposed tax plan, which would see capital gains taxes rise to their highest levels in 100 years, unrealized gains become taxable for some individuals, and corporate taxes see a substantial uptick. Despite the passage of nearly five months and the changing of the Democratic Party candidate from Biden to Vice President Kamala Harris, the debate has not subsided and has, in several ways, only grown more intense. Indeed, Harris historically endorsing measures deemed even more radical than the current President’s and her recent comments on price controls seeing her labeled a ‘communist’ have only stepped up the pressure on the campaign. Picks for you AI predicts Cardano price for ‘Chang Hard Fork’ upgrade 29 mins ago ...

Fake news again! This time it’s Kamala Harris and ‘unrealized crypto gains’

Thousands of crypto traders have apparently been sucked in by yet another fake news report about US presidential candidate Kamala Harris. This time, they thought she endorsed a new tax on unrealized gains that would affect millions of crypto investors. Misreading little more than a headline from news snippet accounts like WallStreetBets or WatcherGuru, incensed readers decried the US presidential candidate supposedly wanting to tax unrealized capital gains at 44.6%. Somehow, they believed, Harris wants to force crypto holders to sell off roughly half of their portfolio and mail the proceeds straight to the IRS. However, exactly like the ‘news’ about Harris from the day prior, this never happened . Crypto runs with fake Kamala Harris-Gary Gensler news Read more: German government told ‘taxes are robbery’ via Bitcoin inscription Fake Kamala Harris news came from a month-old tax plan Harris didn’t endorse any new unrealized gains tax yesterday. Instead, as a way to engageme...