And of the show Zach Abraham from Bullwerk Capital Management with us and today we got to talk about what

Kamala has planned for our country if she wins specifically this whole thing about

unrealized capital gains.

So for people who may be new to that term,

can you just give a very brief explanation of what it is

and why it sucks monkey balls.

So the unrealized capital gains thing is not too hard to understand.

I think the best analogy and I've used this with our clients is, let's say we bought a house.

Today we're going to go sell it $700,000. Okay, and we bought it, let's say in 2004 for 250 grand right now there's other things that you have to look at there's depreciation that applies to houses and there's other different things but let's just say all in all your costs

when you purchased it and the updates you've done,

you've got 250 grand into the house.

You're gonna sell it for seven,

so that means that you have 450,000 dollars of unrealized cap gains, okay?

So when you sell your outs for $700 grand, the good news is you don't have to pay taxes on all that

seven hundred grand because some of it's your cost.

We're paying it on that $450,000 of cap gains.

Well, what this law would do is pretty much at any point,

I don't even know how the execution of it would play out.

But what the law would do is it allow the government to

tell you, well, now we think that you owe us money on that unrealized cab gain.

Okay, well, what if you don't want to sell your house and and what if this and they're like oh

it's only going to apply to rich people well there's a lot of farmers out there

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