Here’s how Janet Yellen’s proposed tax on unrealised capital gains may work

Yellen, the former Chair of the US Federal Reserve, wants investors to pay a tax on the increase in value of stock every year, even if it is not sold. So if a stock goes from $100 to $150 apiece in a year but you haven’t sold it, you may still have to pay a tax on that $50 a share, where you haven’t made a profit yet. That’s tax on unrealised capital gains.

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