Capital gains taxes, explained.
Subscribe to our channel! http://goo.gl/0bsAjO
The richest in America don’t make money like most Americans. Most people pay revenue taxes from a regular job. But many in the top 1% make money off their investments, like equities, and pay capital gains taxes. While normal revenue has a maximum duty 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 duty the rich.
Read more about how the richest avoid paying revenue taxes from Vox:
https://www.vox.com/22432338/joe-biden-duty-plan
And an investigation from ProPublica:
https://www.propublica.org/post/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-revenue-duty
For more information about Elon Musk’s loans:
https://www.wsj.com/articles/elon-musk-techs-cash-poor-billionaire-11588967043
Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://goo.gl/U2g06o
Or Twitter: http://goo.gl/XFrZ5H
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reason