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

Are they? Unrealized gains have never been taxed in the history of this country, so acting like it’s no big deal as long as the limits are higher than your income is short sighted. Every other tax has worked its way down.

If you don’t think whale shareholders of stocks or private companies or real estate being forced to sell to cover new taxes won’t affect the price of your shares/job security/real estate, I’m not sure we are living in the same world.

The point of this post was to bring attention to the idea even being proposed by a US president. This isn’t Sanders or AOC, this is the leader of a major political party. It has major implications for our money if a mainstream figure like Biden feels comfortable introducing a completely new tax category on gains that don’t even exist anywhere but on paper.