GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
Lets dig into what the rich shouldexpect tax-wise if Harris takes the White House in November.
A longtime real estate investor, he serves as the head of growth at the vacation property investment platformGoSummer.
A Kamala Harris presidency could bring significant changes to the tax landscape for the wealthy, he said.
Anold investing adageis you dont lose anything until you sell.
Conversely, since unharvested returns are still unrealized gains, theyre not subject to taxation at least not yet.
However, he also expects an increase to the highest marginal tax rate.
Compared to billionaires, a person earning $400,000 might seem like small potatoes.
More From GOBankingRates
Share This Article:
The Latest inMoney
