On August 29th, Bharat Rama, an economic adviser to U.S. Vice President Kamala Harris, confirmed that Harris plans to impose an unrealized capital gains tax of at least 25 percent on individuals with at least $100 million in assets. Rama claimed that people already pay taxes on unrealized gains, such as property taxes, but CNBC hosts disputed this, noting that home values move differently than stocks, and that property taxes are a "use tax" used for improvements like schools and emergency services. In addition, according to Wall Street Insider, currently, capital gains taxes in the United States are only levied on the sale of assets and are exempt from income tax on the death of an individual.