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| Name | How the rich avoid paying taxes |
| Video Uploader | Video From Vox |
| Upload Date | This Video Uploaded At 08-07-2021 12:00:19 |
| Video Discription | 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 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. Read more about how the richest avoid paying income taxes from Vox: https://www.vox.com/22432338/joe-biden-tax-plan And an investigation from ProPublica: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax 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 [t6V9i8fFADI] |
| Category | News & Politics |
| Tags | Vox.com | explain | explainer | vox | capital gains | taxes | tax | 20% | 39.6% | elon musk | jeff bezos | morris pearl | tax the rich | patriotic millionaires | millionaire | top 1% | wealth explained | stocks | stock market | how the richest make money | berkshire hathaway | warren buffett | secretary |
