re: Biden proposed a capital gains tax of 44.6% & 25% unrealized gains for high income earners

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Way to trigger a MASSIVE sell off.

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And afterwards there won't be anyone selling anything that would trigger the new tax rate.

The effect wil be a one-time boost in capital gain taxes followed by a long period of ZERO large capital gains transactions.

The Law of Unintended Consequences will be invoked and the federal government will collect less, not more, in taxes.