The Grow Your Wealthy Mindset Podcast

Episode 115: Capital Gain Taxes

Elisa Chiang Season 3 Episode 115

Whenever there is money to be made, Uncle Sam wants his cut. Part of building wealth is learning the rules to legally decrease what you pay to Uncle Sam. In this episode, I talk about Capital Gains Tax, which is the tax on any profit from selling an asset. By holding on to an asset for over a year (366 days), the profit from the sale of the asset is subject to a capital gains tax rate that is lower than your marginal tax rate. There are exceptions to what is included in the long-term capital gains tax rate. Tune in to this week’s episode to learn more!  

 

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Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

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