Clips - Biden’s Capital Gains Tax

The subject of taxes can be a tricky one. It’s important to educate yourself so that you aren’t misled by headlines.

The tax code rewards those who invest their money in assets. Flipping your “assets” to turn them into cash can be burdensome. Sure the money is quick, but it can also become a problem since you aren’t sheltering your earnings.

Once you learn that, it becomes easy to understand that they can raise capital gains taxes to 100% if they wanted to. As long as you’re shielded by the tax code, it doesn’t matter.

We still have some time to find out exactly what this new bill could ultimately be, but this conversation is one that is always avoided when the subject comes up.

Take the time to look deeper and talk these things out amongst your friends, family, and then a CPA. Because we don’t know sh*t lol

*Disclaimer* we are not tax professionals and any views or opinions expressed in the clip above are for educational/entertainment purposes only, and should not be taken as advice.

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