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

quote:

---

So, we will tax you at a rate of 25% on your unrealized gains, then when you take out the funds you get to pay us 44.6%?

---

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.

Not to mention... no one mentions how unrealized losses would be handled.

Nightmare.