• #141. The Unrealized Gains Loophole

  • Sep 17 2024
  • Length: 1 hr and 23 mins
  • Podcast

#141. The Unrealized Gains Loophole

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  • Summary

  • 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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