re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains

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No, you would basically have a basis adjustment each year.

That's the funny thing. So you would pay 25% along the way, but int he year of sale, 44.6% but only on the portion that hasn't been taxed. So again, this is stupid.

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Still a dumb proposal, but this makes more sense.

And if what you posted is the intent, I'd suspect that the portion you were taxed on for unrealized gains, you would still have to pay the remaining 19.6% when you withdraw the funds.