return2ozma@lemmy.world to politics @lemmy.world · 2 months agoHarris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% ratewww.cnbc.comexternal-linkmessage-square18fedilinkarrow-up1109arrow-down114
arrow-up195arrow-down1external-linkHarris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% ratewww.cnbc.comreturn2ozma@lemmy.world to politics @lemmy.world · 2 months agomessage-square18fedilink
minus-squareHulkSmashBurgers@reddthat.comlinkfedilinkarrow-up19arrow-down1·2 months agoI think it’d be great if the tax rate on gains (when selling stock) was based on the entire value of all stocks a person has. So if Elon sell some stock (a dollar or a billion), his gains tax rate is higher than someone selling stock whose entire stock value is less. It’d also be nice if retirement accounts (401k, Ira) were excluded from this.
minus-squareDrDeadCrash@programming.devlinkfedilinkarrow-up13·2 months agoThis is the right idea imo. Tax wealth, not income.
I think it’d be great if the tax rate on gains (when selling stock) was based on the entire value of all stocks a person has.
So if Elon sell some stock (a dollar or a billion), his gains tax rate is higher than someone selling stock whose entire stock value is less.
It’d also be nice if retirement accounts (401k, Ira) were excluded from this.
This is the right idea imo. Tax wealth, not income.