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Vice President Kamala Harris

CNBC

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Harris' tax on unrealized gains applies only to people with assets over $100M, says Bharat Ramamurti

Summary

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70% Informative

Bharat Ramamurti is an informal economic adviser to the Harris for President campaign.

He served as the deputy director of the National Economic Council under President Biden .

He says Kamala Harris's tax policy is a common sense policy to make sure that we address the problem that we have right now, which is that for people who earn most of their income through a large investment portfolio.

Under the Harris plan, capital gains for households making at least $1,000,000 would be taxed at ordinary income.

Unrealized capital gains above the exclusion would be tax at death.

The tax on unrealized gains applies only to people with assets over $100 million .

The plan would have some exemptions for family businesses.

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informal

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English

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