In this informative video, Patrick Bet-David explains how the Kamala Harris $4 Trillion Dollar Tax Plan could impact you.
If Kamala Harris becomes president, her economic policies could shift massive amounts of money away from private hands into government control, posing potential risks to economic growth, job creation, and investments. Understand the implications of her proposals and stay informed!
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Kamala Harris’s tax plan includes a range of taxes aimed at individuals and corporations, designed to raise $4.1 trillion over the next decade. Key elements of this plan include:
- Raising the individual top tax rate to 39.6%.
- Taxing unrealized capital gains: A central feature of Harris’s plan is a 25% tax on unrealized gains—profits on assets that haven’t been sold yet, aimed at those with a net worth of over $100 million. This includes taxing paper wealth, which could impose hefty bills on billionaires like Elon Musk and Jeff Bezos.
- Corporate tax increases: The proposal raises corporate taxes from 21% to 28%, imposes a 4% tax on stock buybacks, and introduces other corporate revenue measures to generate over $2 trillion in taxes.
Watch the full video for a deep-dive into how these policies will affect the American taxpayer.
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