-
Mark Cuban said that taxing unrealized capital gains would “kill the stock market.”
-
President Joe Biden proposed taxing unrealized gains for people worth over $100 million.
-
Kamala Harris is unlikely to endorse Biden’s plan, Cuban said.
Any proposal to tax unrealized capital gains would “kill the stock market,” the billionaire investor Mark Cuban said in a CNBC interview on Thursday.
As part of his wide-ranging tax proposals, President Joe Biden has suggested taxing unrealized capital gains for people with a net worth of more than $100 million.
While Vice President Kamala Harris has not endorsed or dismissed Biden’s proposal on unrealized capital gains, Cuban said, it’s dead on arrival.
“If you tax unrealized gains, you’re going to kill the stock market, and it’s going to be the ultimate employment plan for private equity because companies are not going to go…
