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The Dan Bongino Sunday Special 04/28/24 - Debate on FISA reauthorization with Speaker Mike Johnson and Mike Lee, plus Julie Kelly and EJ Antoni
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Taxing Stock Portfolios: Proposed Wealth Tax
Proposed wealth tax on stock portfolios aims to tax individuals on the value of the stocks they own, not just on gains from selling them. Advocates argue that this approach unfairly targets individuals, as they would have to pay taxes on stock value increases without receiving tax breaks when the market declines. This tax would result in individuals having to sell stocks to pay their taxes, affecting long-term investors who may have to sell assets they have held for years.
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