Imagine this: you invest $50,000 in stocks, and their value increases to $70,000. Under Kamala Harrisâ proposed 25% tax on unrealized gains, youâd owe taxes on the $20,000 gainâeven if you havenât sold the shares yet. If the stock price then drops to $45,000, youâd still be liable for taxes on the unrealized gain, potentially forcing you to sell investments just to cover the tax bill.
**Potential Consequences:**
- **Impact on the Middle Class:** This tax could jeopardize savings, retirement funds, and educational accounts.
- **Market Turmoil:** Mandatory sell-offs might lead to a significant drop in stock prices, erasing substantial wealth.
- **Economic Repercussions:** Large-scale investor withdrawals could trigger a severe economic downturn.
Could this policy spell disaster for the economy, or will investors find ways to cope? Share your thoughts on the potential effects of this controversial proposal. đŞď¸đ
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