Capital Gains Tax Explained

If you're wondering what capital gains tax is, or how it works, then this video is for you! We'll explain everything you need to know about capital gains tax, from the from a brief history to the differences between short-term and long-term capital gains tax. We'll also discuss the the capital gains tax brackets and how you can use this tax to keep more money in your pocket! By the time you're done watching this video, you'll know all you need to know about capital gains tax! 0:00 What is actually being taxed? 1:16 A Brief History 2:58 Short-Term vs Long-Term Capital Gains Tax 4:27 How does it work? 6:00 Why Billionaires Love Capital Gains 7:00 How to use capital assets to pay fewer taxes 10:34 Learn about the Income Tax #taxes #finance101 #tax ☑️Love our content? Subscribe!☑️ https://www.youtube.com/channel/UCzGkdPQP87AfzmOYn_jo7Xw?sub_confirmation=1 Our website: https://apennypinchersguide.com/ DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.