Claim: The Kamala Harris/Tim Walz campaign supports a 25 percent tax on unrealized capital gains.
Reasoning: The claim is accurate but lacks important context. The proposed tax is part of the Biden administration’s 2025 budget plan, which the Harris/Walz campaign endorses. However, this tax would only apply to individuals with a net worth of more than $100 million. The 25 percent minimum tax on unrealized capital gains is aimed at the wealthiest taxpayers, not the general population.
Fact or Fiction? Fact, but missing context. The tax would only impact extremely wealthy individuals, specifically those with over $100 million in assets.
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