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Maybe. Harris says on the campaign trail that she supports a billionaire tax. But she doesn’t say explicitly whether she would or wouldn’t tax unrealized gains, even though that is the ... Among the more controversial of the Biden proposals—which Harris has repeated—is a tax on unrealized capital gains for taxpayers with wealth greater than $100 million. It may be labeled a ... Vice President Kamala Harris’ presidential campaign said she supports President Joe Biden’s 2025 budget proposal, which called for a 25% minimum tax rate on unrealized capital gains for taxpayers... Ms. Harris has endorsed a plan to tax the gains on those assets at the original owner’s death, though several exemptions would apply, including when a surviving spouse inherits the assets. Put simply, what we’ll call the “min-tax” would impose a floor levy of 25% on the total of regular income plus capital gains on all taxpayers holding a net worth of over $100 million. Vice President Kamala Harris has endorsed Biden's plan to tax unrealized gains on wealth exceeding $100 million, also known as the billionaire minimum tax. A billionaire minimum tax on unrealized capital gains would apply to taxpayers whose net worth is above $100 million, as proposed by the most recent Biden-Harris administration’s budget proposal. Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for Americans who earn $1 million or more. Are higher taxes a surprise from a progressive Democrat? In some ways,... According to the proposals, the 25% tax on unrealized capital gains would apply only to people with a net worth of $100 million or more, or the richest 0.01% of people in the country.

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