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942 – Six Critical Wealth Creation Concepts

James Schramko Podcast

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Building Wealth - The Taxes of Your Investments

In australia, we actually get a capital gains discount on housing or investment properties. You can also decide how much tax you want to pay depending on what sort of things you're consuming. There's lots of issues like double taxation, or tax to firm. And have to be careful with that. I think i got a concession on my stamp duty if i live in my house and if i don't sell it when i moved up,. which is much appreciated. In the U.S., they were partners in my trading office for basically three years before  I was allowed to do so. But there are other things out there where people could make more money by selling off their assets

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