Key Democrat Revives Plan to Make Capital Gains Tax Due Annually
- Plan would tax investments annually, instead of when sold
- Proposal would increase capital gains taxes the wealthy pay
Senator Ron Wyden
Photographer: Anna Moneymaker/BloombergThis article is for subscribers only.
The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold.
The plan represents a fundamental change to the timing of capital gains taxation -- it would require wealthy investors to pay the capital gains tax on the appreciation of their assets each year, rather than paying the capital gains tax once when they sell an asset.