The much bigger question is whether Harris will succeed in taxing unrealized capital gains (as her campaign plans). Currently all the gains of the very rich are unrealised meaning they don’t pay any taxes. It doesn’t even matter if the rate is 22 percent or 40 percent. I actually really like Harris’ proposal of first fixing the system before hiking the rates
Oh I mean, I am cynical as well. First about whether she’ll push through. Second, about congress agreeing. Just pointing out that the discussion on the rate is not so important.
The much bigger question is whether Harris will succeed in taxing unrealized capital gains (as her campaign plans). Currently all the gains of the very rich are unrealised meaning they don’t pay any taxes. It doesn’t even matter if the rate is 22 percent or 40 percent. I actually really like Harris’ proposal of first fixing the system before hiking the rates
A cynical but likely take is it will go about as well as when Biden made campaign promises dependent on congressional votes…
Even if we have majorities, we’ll be told we don’t have the numbers to pass a vote so no vote will be held
Oh I mean, I am cynical as well. First about whether she’ll push through. Second, about congress agreeing. Just pointing out that the discussion on the rate is not so important.