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Kamala Harris’s campaign said this week that she supported tax hikes that were thoroughly laid out in the most recent federal budget plan prepared by the Biden administration. Social media posts claim Kamala Harris' economic plan, were she elected president, would force Americans to pay tax on the rise in value of assets such as homes and stock investments, even if they are not sold. This is mostly false; the proposal in the current Biden administration's budget calls for a tax on "unrealized gains" on certain assets -- but only for households with a net worth of at ... 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 ... 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, yes ... Households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains. Say you purchase stock for $10 a share. It doubles to $20 ... With less than one month left in the 2024 presidential campaign, Vice President Kamala Harris has provided updated details of her fiscal and economic agenda. On tax policy, Harris carries forward much of President Biden’s FY 2025 budget, including higher taxes aimed at businesses and high earners. She would also further expand the child tax ... Harris has proposed tax increases for some businesses: - She wants to raise the current 21% corporate tax rate to 28%. - She would increase the 15% alternative minimum tax on very big corporations ... A tax proposal embraced by Vice President Kamala Harris that’s meant to target the wealthy is getting attention in an unlikely place for wonky policy debate: social media.. But many posts ignore ... In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets such as stocks, bonds, or privately held companies.

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