Kamala Harris Proposes $5 Trillion Tax Hike Stirring Debate on Social Media with Impact on Economy and Cryptocurrency Market

Kamala Harris has proposed a $5 trillion tax increase with the following key changes:

• Taxing unrealised capital gains at a rate of 25% on investments and property, forcing Americans to pay taxes on gains that have not yet been realised.
• Raising the corporate tax rate to 28% from 21%, then making American businesses among the most highly taxed in developed countries, which could lead to lower wages and higher prices.
• Raising the top personal income tax rate to 44.6%, which would negatively impact high-income earners and could reduce overall investment.

These tax proposals have sparked heated debate on social media, with many concerned about their potential impact on both the US economy and the cryptocurrency market.