|
| First things first you have to have made 100 million on the year
Second you have to have paid less in income taxes the the Minimum tax rate of 25% income tax
Third this tax is a down payment on any future liability on capital gains tax and any tax paid in because of this would be credited against those future tax obligations.
here is a quick view on the proposal
https://taxfoundation.org/blog/harris-unrealized-capital-gains-tax/
lastly almost zero % chance of passing if it were to pass it needs to be offset with and equal amount of spending and all tax goes to debt reduction.
| |
|
Harris tax on capital gains?
