How Wealthy Billionaires And Corporations Avoid Short-Term Capital Gains Tax! Pt 2
This video explains that over $160 billion in annual tax revenue is lost because ultra-wealthy individuals and corporations avoid short-term capital gains taxes. To avoid these taxes, ultra-high net worth individuals (UHNWIs) with at least $30 million invested for the long-term offset gains with capital losses. The tax system in the US encourages long-term investments by offering lower tax rates for long-term capital gains. UHNWIs use day trading using the Mark to Market method, tax loss harvesting, 1031 exchange, charity, buying and holding small business stocks, and hoarding to avoid short-term gains. By using these methods and holding assets for a year or longer, UHNWIs significantly reduce their tax liability.
Thanks for watching! Please Like, Comment, or Subscribe for more videos!
This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon
-
DVR
Badlands Media
20 hours agoEye of the Storm Ep. 134 - 10:30 PM ET -
58K48 -
3:42:24
SNEAKO
5 hours agoSECRET STREAM SECRET SURPRISE
58.1K16 -
2:31:41
GruntStyleGaming
6 hours agoEnlisted: Featuring LumpyPotatoX2 - #GSPatrioticSummer
24.9K3 -
7:59:24
FusedAegisTV
12 hours agoXIV TUESDAYS! I AM THE RUMBLE MASTER OF THE RUMBLE WARRIORS | Makin' Moves (6.3)
37.8K4 -
44:33
The Anthony Rogers Show
15 hours agoEpisode 321 - Mickey Avalon
27.8K2 -
1:32:11
Glenn Greenwald
10 hours agoMedia Converts Taboos About Ukraine Into Acknowledged Truths; Orthodox Rabbis on Condemning Israeli War; PLUS: Media Denies Biden’s Decline | SYSTEM UPDATE #284
71.8K204 -
37:44
Candace Owens
7 hours agoEverything We Learned About World War 2 Is A Lie | Candace Ep 7
67.6K272 -
42:09
The Late Kick with Josh Pate
9 hours agoLate Kick Live Ep 523: CFB 2024 Unknowns | Dabo Legacy Debate | Big12 Over Big Ten | Mon Title Games
37.4K1 -
1:01:42
The StoneZONE with Roger Stone
10 hours agoEric Adams and P. Diddy To Be Indicted? EPIC NYC Corruption Exposed | The StoneZONE
56.5K39 -
2:20:35
WeAreChange
10 hours agoPfizer SUED For Misleading Covid Vaccine Marketing!
78.5K43