How the Kamala Harris TAX Plan Impacts YOU

Kamala Harris' Tax Proposals: What You Need to Know in 2024 In this video, I break down Kamala Harris' tax proposals. As we head into the 2024 election, tax policy is a crucial topic for every American, especially with changes to income tax rates, capital gains taxes, and estate taxes on the horizon. Harris' plan builds on Biden's 2025 Budget Proposal, introducing significant updates like higher marginal tax rates for top earners, adjustments to the capital gains tax brackets, and a proposed tax on unrealized gains for ultra-wealthy individuals.

We'll also dive into the expanded Net Investment Income Tax, estate tax changes, and other provisions affecting business owners and investors. If you're interested in understanding how these proposals might affect your taxes and financial planning, this video will give you the insights you need. Whether you're an entrepreneur, real estate investor, or just trying to stay informed about the 2024 election and its impact on tax policy, this video covers the key details.

Topics Covered:
- Changes to the income tax and capital gains tax rates
- Expansion of the Net Investment Income Tax
- Tax on unrealized gains for ultra high-net-worth individuals
- Updates to the Estate tax exemption and step-up in basis adjustments
- Increases to the Child Tax Credit
- Proposals impacting real estate investors and business owners

Learn how these tax proposals could affect your personal taxes, business, and future planning.

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