Category: Politics
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Capital Gains Tax Changes Under Trump: What You Need to Know and How to Prepare
Understanding Capital Gains Tax Capital gains tax is a tax levied on the profit from the sale of an asset, such as stocks, real estate, or other investments. When an asset is sold for more than its purchase price, the difference is considered a capital gain and is subject to taxation. This tax plays a…
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Understanding Kamala Harris’ Stance on Taxation of Unrealized Capital Gains
Introduction to Kamala Harris’ Tax Proposal Kamala Harris, currently serving as the Vice President of the United States, has become a vocal supporter of increased taxation on unrealized capital gains. This reflects a broader alignment with President Joe Biden’s economic agenda, which aims to target individuals with an annual income exceeding $100 million. Harris’ backing…