@mainstreetwolf: Why billionaires pay less in taxes #investing #LearnOnTikTok #tiktokpartner #stocks #realestate

Main Street Wolf
Main Street Wolf
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Region: US
Sunday 17 May 2020 16:37:12 GMT
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markymark676
Mark :
do you mean less in tax percentage than the average Joe? 15% of 400k+ is much more than what the average Joe pays in taxes
2020-05-17 17:01:52
11
thomaslyonette
Thomas Lyonette :
wow, great post! I knew these things seperatly but never actually put them next to each other like that
2020-05-17 23:51:08
6
evanwardrop
Evanwardrop :
First lol
2020-05-17 16:38:59
3
mmot14
M :
When you’re in the UK and all capital gains and dividends are tax free in your ISA 🤩🤩
2020-05-17 20:36:46
3
andrewsarroyo
Andrew Arroyo :
Why don’t more people know this?!
2020-05-17 22:13:41
2
lorenzoorriola
Lorenzoooo :
i’m 18.. really into personal finance & wanna be financially free. this seems like a big part on the road to my goal. could you explain it a bit more?
2020-07-08 06:56:34
2
abutheinvestor
Abu Eats | GTA :
Long term investing!! 💯
2020-05-18 00:12:33
2
sir.booth
Eli Booth :
lmao just get money
2020-05-17 17:46:31
2
urses
Jay Brown :
It's a tax loophole that needs to be changed.
2020-05-17 21:03:23
2
chasel.pullan
chasel.pullan :
You get taxed per layer, so if you made $165k your first 40k is 22%, 40-85k is 24%, 85-165 is 32% = 26%
2020-05-17 18:06:53
1
andycorp
Andy :
They also have huge NOL carry forwards and blow out most of their earnings
2020-05-17 18:15:52
1
a.m_oon
A.M_oon :
When I think that this guy has always criticized cripto currency and that today he befriends with the creators of cripto currency #tron #dinner
2020-05-17 17:40:55
1
nes2quickk
nes2quick :
🥴 my pocket hurts and I’m not even in the third bracket
2020-05-19 14:02:39
1
michael_lee23
Mikey Mike :
Does this include your 401K? 20% tax?
2020-05-26 06:22:54
1
matic9000
automatic9000 :
So $0 tax on 40k profits on stocks held more than a year?
2020-06-08 04:05:54
1
lacking_talent
Lacking_talent :
I’m curious about your thoughts on this. That money is already taxed through corporate taxes? Has that been a justification for lower rates?
2020-05-17 16:54:22
1
aatiffanytaylor
Tiffany Taylor :
👏👏👏
2020-05-18 19:39:47
0
tangy__tang
tangy__tang :
Also companies overseas
2020-06-09 21:24:55
0
markbenja
Mark Benjaminh :
How much is taxed for short term capital gains?
2020-07-03 10:39:00
0
zeez.fitness
Zee :
@ari_zona13
2020-07-08 06:06:40
0
digitalassethero
Aaron Martinez :
Could also use a nongrantor spendthrift trust to defer capital gains taxes on passive income earning assets indefinitely
2022-03-25 14:38:07
0
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