“If you own a house, subtract what you paid for it from the Zillow estimate. Be prepared to pay 25% of that in a check to the IRS. That's your unrealized capital gains taxed owed under the Kamala Harris proposal.”
Social media posts
Claim dated 20 Aug 2024.
FactCheck.org rated thisDistorts the Facts
What FactCheck.org found
Social media posts misrepresent a tax proposed in President Joe Biden’s 2025 budget. The 25% tax on unrealized capital gains would apply only to those who have a net worth of more than $100 million, not to all taxpayers.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 20 August 2024. FactCheck.org (United States) looked into it and published its finding on 9 September 2024, 20 days later. Its rating was “Distorts the Facts”.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.