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

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.

Click here to read the entire article.

SCHEDULE MY FREE CALL

With Tax Hive’s years of experience in tax and business services, we use our expertise to make your life easier so you can focus on building your business. Ever changing rules require a team who knows you, your business and the tax implications. Our tax professionals meet your needs while helping you manage tax risk, control costs and reap maximum benefit. If you’re ready to get started, CLICK HERE to schedule a FREE strategy session with one of our specialists today.

Schedule your FREE 15 minute call now!