Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

The Biden Administration's proposal to place a tax on unrealized gains, as detailed in the Fiscal Year 2025 Budget of the United States Government, has sparked controversy. Many label it as a violation of constitutional rights, an infringement on personal freedom, and a convenient way to legally steal from U.S. citizens. This initiative falls within a wider scheme aimed at increasing taxes on the wealthy under the guise of equality. The concept of the federal government levying taxes on the increased value of assets such as property, stocks, or gold – prior to its sale, although currently directed towards the wealthy, is a dangerous precedent. It could easily set the stage for all assets being taxed in such a manner, no matter what tax bracket an individual falls into. If this were to become a...