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How the rich avoid paying taxes
Episode · 1 Play
Episode · 1 Play · 6:06 · Apr 26, 2023
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The richest in America don't make money like most Americans. Most people pay income taxes from a regular job. But many in the top 1% make money off their investments, like stocks, and pay capital gains taxes. While normal income has a maximum tax rate of 37%, long-term capital gains tops out at just 20%. Changing that rate, and some loopholes that benefit the wealthiest, is seen as one way to tax the rich. Hosted on Acast. See acast.com/privacy for more information.
6m 6s · Apr 26, 2023
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