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Capital Gains: How the Rich Pay Less Taxes Than Most Employees
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What are capital gains? How are long and short term capital gains taxed. Do I need to pay taxes on capital gains for the sale of a house? When does the net investment income tax (NIIT) effect me? What taxes does an employee vs a rich person actually pay? How and why does Warren Buffet pay less in percent taxes than his secretary?
2024 capital gains links:
IRS OASDI and Medicare taxes:
Unemployment Insurance Tax rates by state:
Disclaimer and safe Harbor statement:
Topics discussed may include predictions, estimates or other information that might be considered forward-looking and results are not guaranteed. This is not individual investment, legal, or tax advice. Investments can lose money. Make sure to complete your own due diligence and work with licensed investment, tax, and accountant professionals when making financial decisions. Financial Freedom 101 is not responsible for any of the financial decisions that you make. Financial Freedom 101 typically has investments including, but not limited to positions in diversified ETFs and mutual funds such as SPY, VOO, SWPPX, FXAIX and others which may contain holdings in the companies discussed. The content of this video is for entertainment purposes only.
2024 capital gains links:
IRS OASDI and Medicare taxes:
Unemployment Insurance Tax rates by state:
Disclaimer and safe Harbor statement:
Topics discussed may include predictions, estimates or other information that might be considered forward-looking and results are not guaranteed. This is not individual investment, legal, or tax advice. Investments can lose money. Make sure to complete your own due diligence and work with licensed investment, tax, and accountant professionals when making financial decisions. Financial Freedom 101 is not responsible for any of the financial decisions that you make. Financial Freedom 101 typically has investments including, but not limited to positions in diversified ETFs and mutual funds such as SPY, VOO, SWPPX, FXAIX and others which may contain holdings in the companies discussed. The content of this video is for entertainment purposes only.
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