Janet Yellen, the Treasury Secretary in the Joe Biden administration, has proposed a tax on unrealized capital gains.
Yellen wants investors to pay a tax on the increase in value of their stock every year, even if it isn’t sold.
Matt Will, economist and professor at the University of Indianapolis, joins Tony Katz to discuss what this means, how would they go about doing it, and more importantly what are the problems going in.
https://omny.fm/shows/tony-katz-and-the-morning-news/popcorn-moment-matt-will-on-democrats-possible-new
