Democrats plan to tax "unrealized gains" with their sweeping tax proposal in 2025.

[Stryder50]

The GOP better keep the House, otherwise the Democrats will jam through the massive tax plan in 2025. Of course they use the same cover story that it will ONLY be taxes on the "very wealthy" and "corporations". If you are dumb enough to believe that, you deserve to lose a few more thousand in income to the Feds.

Senate Finance Democrats look to raise revenue for 2025 tax cliff - Roll Call

Panel Democrats left a meeting aligned on the need for wealthy individuals and multinational corporations to pay more.

rollcall.com

The Dem dominated legislature in this state, Washington, has already had this. It is hitting everyone. Problem (of many) is there is no refund if things de-appreciate.