Senate Democrats plan to reveal a revenue scheme for their multi-trillion-dollar budget bill that would tax unrealized capital gains, a move targeted towards the richest of the ultra-wealthy.
The measure would put taxes on unrealized capital gains, but would start at an extremely high threshold. To meet the threshold, an individual would need to make $1 billion or more in income in one year, or $100 million or more for three consecutive years. Only around 700 Americans would be subject to this new tax.
