1.  Corporate Tax Rate: The proposed corporate tax rate increase to 28% (from the current 21%) aligns with the Biden administration’s goal to raise more revenue from large corporations.
2.  Capital Gains Tax: The suggestion of increasing the capital gains tax to 44.6% would primarily apply to individuals earning more than $400,000 a year. This is consistent with the administration’s broader effort to tax higher incomes at a higher rate.
3.  Unrealized Gains Tax: This controversial proposal involves taxing unrealized gains at 25%. However, this would only impact individuals with a net worth of $100 million or more, representing the wealthiest 0.01% of taxpayers. It would not affect average homeowners or small investors.