Episode 259: The Chosen
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Capital Gains Tax - The Fifth Time?
When you take a look at capital gains, you have money in your pocket that you earned from a job. Then you decide you want to make an investment and you buy a bunch of shares of Amazon. Now because this is an investment, you might lose a lot of money on it. And if you do, the government's going to tell you as it always has tough luck. If there's anything left on the table when you die, they're going to take some of that too. I think currently it only applies to over five million, but it kicks in at like 49%. They're not taking 10% here. They're taking almost half. That is absolutely ridiculous.
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