Democrats Eye Tax on Billionaires' Gains

[applegrove]

Democrats Eye Tax on Billionaires’ Gains

October 24, 2021 at 8:54 pm EDT By Taegan Goddard 39 Comments

https://politicalwire.com/2021/10/24/democrats-eye-tax-on-billionaires-gains/

"SNIP.......

“A new annual tax on billionaires’ unrealized capital gains is likely to be included to help pay for the vast social policy and climate package lawmakers hope to finalize this week,” the Wall Street Journal reports.

“The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years.”

......SNIP"

[Walleye]

1. Taxing unrealized capital gains. Brilliant idea in my opinion

[Hoyt]

2. Unfortunately, the tax as proposed raises very little.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15979959

[PoliticAverse]

3. I wonder which senator will put a stop to that idea. n/t