Billionaire investor Mark Cuban stated that Democratic presidential nominee Kamala Harris has no plans to tax unrealized gains if elected, saying, "It's not going to happen." Cuban, who regularly communicates with Harris’ team, emphasized that Harris is seeking alternative revenue sources instead. Cuban noted that while Harris’ approach stems from the Biden administration’s tax plan, she may diverge from some aspects. Harris has suggested a billionaire minimum tax and favors increasing the capital gains tax to 28%, lower than Biden the roughly 39% that Biden proposed.
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00:00It's Benzinga, and here's what's on the block.
00:03Billionaire investor Mark Cuban stated that Democratic presidential nominee Kamala Harris
00:07has no plans to tax unrealized gains if elected, saying it's not going to happen.
00:12Cuban, who regularly communicates with Harris' team, emphasized that Harris is seeking alternative
00:17revenue sources instead.
00:19Cuban noted that while Harris' approach stems from the Biden administration's tax plan,
00:23she may diverge from some aspects.
00:26Harris has suggested a billionaire minimum tax and favors increasing the capital gains
00:30tax to 28 percent, lower than the roughly 39 percent that Biden proposed.
00:34For all things money, visit Benzinga.com.