Robert ReichOct 15, 2024
Let's clear up the misinformation about a tax on unrealized capital gains.The plan Kamala Harris endorsed only applies to people with $100 million+ in wealth who do not pay at least a 25% tax rate on their income. Is that you? No? Then you will not be affected.
Show threadLeta_DarnellOct 15, 2024

@rbreich Do Middle class people have unrealized gains?

I honestly do not know

Show threadSohcahtoa82

@Moral_Gutpunch @rbreich
Yes. I'm middle class, and I have unrealized gains. About $13,000 worth. My Robinhood account was $33K on Jan 1 this year and is now worth about $46K, but I have not sold anything.

I imagine a lot of middle class people have unrealized gains. But they won't be affected by Harris's proposed tax, because middle class people don't have $100M. If you do, you're *definitely* not middle class.

Oct 15, 2024 at 10:46pmWeb
Show threadLeta_DarnellOct 15, 2024

@Sohcahtoa82 @rbreich

Thank you. I like learning about the world, even stuff like this.