The ‘Billionaire’ Minimum Tax: How Harris Could Tax America's Ultra-Rich

The ‘Billionaire’ Minimum Tax: How Harris Could Tax America's Ultra-Rich | WSJ

Vice President Kamala Harris has proposed borrowing much of President Biden’s tax proposals as she favors a tax increase on America’s billionaires. This would work by taxing America’s ultra wealthy like Elon Musk, Jeff Bezos and Mark Zuckerberg on their unrealized capital gains. Wealthy investors and Republican nominee Donald Trump have vehemently rejected this kind of tax policy on America’s wealthiest people.
WSJ's Richard Rubin and tax expert Steve Rosenthal break down what unrealized capital gains are and how this policy could work.
Chapters:
0:00 Taxing America’s ultra-wealthy
1:23 Unrealized capital gains, explained
3:24 The Biden and Harris plan
4:54 Reaction from Trump and billionaires
6:45 Obstacles ahead
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news
#Harris #Trump #WSJ

The Wall Street Journal

The new WSJ Video takes you inside carefully selected stories and events in a visually captivating way so you can dig deeper into the news that matters to you. You’ll get breaking headlines, immersive features, interactive media and even virtual reality r...

Investors Diverge on Healthcare Companies After Trump Win | WSJ

Why Oil Prices Fell Following Trump Victory | WSJ

Why Mortgage Rates Are Likely to Keep Rising Following Trump Win | WSJ

Interest Rates Up Following Trump Victory, But Investors Not Too Worried | WSJ

How Trump Defeated Harris for President: Key Election Campaign Moments | WSJ

Trump Wins Georgia, as Harris’s Path Narrows | WSJ

North Carolina Is First Swing State Called for Trump | WSJ

Trump Starts Strong, But Count Still Early in Swing States | WSJ

Voters More Divided by Education, Less by Race | WSJ

Northern Virginia Country Hints at Weakness for Harris | WSJ

Survey Shows High Turnout Among Women, Young Voters | WSJ

Election Security in One of U.S.'s Fiercest Battlegrounds | WSJ

Analyzing Harris’s and Trump’s Closing Arguments | WSJ

Why Elon Musk and His Tech Allies Want Trump to Win Now | WSJ

How Trump and Harris Would Solve the Housing Crisis | WSJ

The ‘Billionaire’ Minimum Tax: How Harris Could Tax America's Ultra-Rich | WSJ

Inside the Newly Legalized World of Election Betting | WSJ

Why Harris Is Struggling With 2024’s Latino Vote | WSJ State of the Stat

Train Architect Designs the Perfect Commuter Train | WSJ Pro Perfected

Inside the $2B Upgraded General Motors’ Technical Campus | WSJ Open Office

Trump Takes Lead Over Harris in Closing Weeks of 2024 Race, WSJ Poll Finds | WSJ

Why Harris and Trump Are Using Podcasts to Connect With Voters | WSJ

Apple’s Craig Federighi Explains Apple Intelligence Delays, Siri’s Future and More | WSJ

Why the U.S. Is Reviving a Remote Island Airfield Used in Atomic Bombings | WSJ

The Four Congressional Races That Will Decide the President’s Power | WSJ

Why Economists Hate Trump's Tariff Plan | WSJ

How the U.S.’s Thaad Will Bolster Israel’s Air Defense | WSJ

This $10M U.S. Army Laser Melts Drones With $3 Beams | WSJ Equipped

This Is One of Ukraine’s Deadliest Drone Pilots | WSJ

Trump, Harris Tied in Swing States Despite Trump Leading on Top Issues | WSJ

Vietnam Is Quietly Copying China’s Artificial Islands Strategy | WSJ

China Is Outspending the U.S. to Find the ‘Holy Grail’ of Clean Energy | WSJ U.S. vs. China

Why Both Trump and Harris Want More Border Security Now | WSJ

How Israel-Iran Tensions Are Choking Commercial Flight Paths | WSJ

How Project 2025 Is Actually Helping Harris More Than Trump | WSJ

Walz vs. Vance Highlights: VP Candidates Spar in Policy-Heavy Debate | WSJ

Why Musk and Other Tech Execs Want as Many Babies as Possible | WSJ

Hezbollah’s Nasrallah Is Dead: What’s Next for Israel, Lebanon and Iran | WSJ

Hassan Nasrallah Dead: How the Israel-Hezbollah Conflict Escalated | WSJ

The $25B Oil Pipeline That Could Make or Break Canada’s Economy | WSJ Breaking Ground

Why Australia Is Key to the U.S. Military’s Plans to Counter China | WSJ

Inside the Military Shipyard Helping the U.S. Catch up to China's Navy | WSJ

Mexico’s $7.5B Gamble to Disrupt the Panama Canal | WSJ Breaking Ground

What Harris Learned From Clinton’s 2016 Election Strategy | WSJ

The Fed Rate Cut Is Here: Why the Next Few Months Are So Crucial | WSJ

Xbox Lost the Console War. Now It’s Redefining Gaming. | WSJ The Economics Of

iOS 18: 18 New Features for Apple’s New iPhone Software Update | WSJ

Trump’s Second Assassination Attempt: What We Know So Far | WSJ

How Cruise Control, Crash Prevention and Lane Detection Work | WSJ Tech Behind

The $2.3T Gap Between Trump’s and Harris’s Tax Plans | WSJ

Trump vs. Harris, Analyzed: Fiery Debate Puts Former President on Defense | WSJ

iPhone 16 First Look: New Buttons, Cameras and Other Features | WSJ

I Played Poker With Top Wall Street Traders. Here’s What I Learned. | WSJ

Harris vs. Trump: Debate-Winning Tactics, Explained by a Champion Coach | WSJ

China’s Risky New Megadams Lie in One of the World’s Most Remote Places | WSJ

How Starlink and Others are Going to Supercharge Airplane Wi-Fi | WSJ

Why ‘No Tax on Tips’ Is a Bad Idea, According to Economists | WSJ

How Oman’s $2.6B ‘Smart’ City Megaproject Disrupts the Dubai Archetype | WSJ Breaking Ground

Harris Leads Trump Narrowly in 2024 Presidential Race, WSJ Poll Finds | WSJ

The Cheap Iranian Kamikaze Drones Wreaking Havoc in Ukraine and Israel | WSJ Equipped

Transportation Engineer Tries to Fix This Iconic Traffic Chokepoint | WSJ Pro Perfected

SpaceX Completing a Boeing Mission: NASA’s Backup Plan, Explained | WSJ

Kursk Gamble: How Russia and Ukraine Plan to Outmaneuver Each Other | WSJ

Why So Many Young Men Are Leaving Democrats for Republicans in 2024 | WSJ State of the Stat

'The Least Defined Presidential Nominee:' What Harris Needs to Prove at DNC 2024 | WSJ

How Ukraine Pulled off a Surprise Invasion of Russia | WSJ

How Duolingo Turned a Free App Into a $7.7B Business | WSJ The Economics Of

Android's AI Edge: Inside Google’s New Pixel 9 and Plans to Beat Apple | WSJ

‘They Are Just Killing People for Nothing:’ Inside Sudan’s Forgotten Civil War | WSJ

Deadly AI Drone Swarms and More: The Race to Build AI Drone Fleets | WSJ U.S. vs. China

This $9B Chinese Restaurant Chain Wants to Conquer the U.S. | WSJ The Economics Of

The Hidden Battle for Fiber-Optic Supremacy | WSJ U.S. vs. China

WSJ Reporter Evan Gershkovich Freed From Russian Prison: A Timeline | WSJ

Watch Live: President Biden Remarks on Russian Prisoner Swap | WSJ

Why $7.6 Billion of Hurricane-Proofing Didn’t Stop This Subway From Flooding | WSJ Pro Perfected

How Hezbollah Came to Power in the Middle East | WSJ

How Hackers and Mechanics Unearth Tesla’s Hidden Autopilot Data | WSJ

Former Undercover Officer Breaks Down Israeli Tactics to Target Militants | WSJ

Trump’s Polling Lead Erased After Harris Enters 2024 Race, WSJ Poll Finds | WSJ

How Google Turned a 90-Year-Old Train Terminal Into Its New $2.1B Office | WSJ Open Office