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#141. The Unrealized Gains Loophole
Manage episode 440417483 series 2953307
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Addressing criticisms of Kamala Harris's Unrealized Gain tax plan.
The ultra-wealthy pay a lower tax rate than wage earners, meaning the US has a regressive tax system rather than the intended progressive tax system. Kamala Harris's tax plan would address wealth inequality by taxing unrealized gains. A Forbes article provides numerous critiques, and Trishul and Aaron try to address each point.
Episode References
Forbes: Unrealized Gains Tax is "Capital Punishment"
MMS #86: Tax Rates
MMS #70: State Taxes
MMS #27: UBI
MMS #37: Never Pay Taxes
MMS #38: U.S. Taxes
ProPublica: America's Highest Incomes and Taxes Revealed
Lamar Hunt's Estate
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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