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517 | Maximize Your Wealth: Understanding Capital Gains Tax Strategies | With Cody Garrett
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Maximize Gains, Minimize Taxes
A standard couple experiences a marginal tax rate of 12%, but their effective average tax rate is only 8% due to the standard deduction. Listeners who actively manage their finances can identify opportunities in their investment accounts, such as realizing unrealized capital gains. By strategically selling investments in a low-tax environment, they can benefit from favorable long-term capital gains tax rates, particularly if their adjusted gross income allows for additional tax-efficient income realization without incurring higher taxes.
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