I’m 55 and hoping to end the rat race at 60 with $1m. I know money is liability to be exchanged for real assets like real estate (rental income) stocks (dividends) gold (wealth) But, what is it with bitcoin? I'd love to diversify my $200k portfolio for rapid growth.
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
@maria_casey this is awesome! i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
One RUclipsr James Conole says that LT capital gains are taxed 0% up to first income threshold, then 15% to the next income threshold, then 20% above. Is that right?
You don't know what you are talking about. All of the tax benefits for anyone less than the one-percenters expired, but the tax relief for the wealthy still remain
I have a rental home I'd like to sell have owned for 20 yrs.i have about 700k in capital gains ...married with about 60k yr in retirement income what would my tax be here in california
Also, if you live on the property for 2 years, you won't have to pay federal capital gains. Some states will do the same but I'm not sure if California is one of them. Something to look into.
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I’m 55 and hoping to end the rat race at 60 with $1m. I know money is liability to be exchanged for real assets like real estate (rental income) stocks (dividends) gold (wealth) But, what is it with bitcoin? I'd love to diversify my $200k portfolio for rapid growth.
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
@maria_casey this is awesome! i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
One of my clients opened up a business in order to avoid paying capital gains tax on another business he sold lol
Are Action Figures from 20 years counted as collectibles?
Karlton what do you think about Bidens proposed tax increases and how might they effect us? I heard something about unrealized gain tax?
Ain't happening
One RUclipsr James Conole says that LT capital gains are taxed 0% up to first income threshold, then 15% to the next income threshold, then 20% above. Is that right?
With Binden, it is going high, but with Trump, it lowers.
You don't know what you are talking about. All of the tax benefits for anyone less than the one-percenters expired, but the tax relief for the wealthy still remain
Everyone needs to speak up: Repeal the 16th Amendment.
I thought the 0% on long terms only applies if the property was held for 2+ years
Does a 1031 on a property sale , roll into a business? Or does it have to be property to property
who is the video editor? awesome work!
Clear explanation, Well said
Normal State taxes apply I’m assuming?
What it it was family land gifted 30 years ago that a home was built on?
Quit paying tax
I have a rental home I'd like to sell have owned for 20 yrs.i have about 700k in capital gains ...married with about 60k yr in retirement income what would my tax be here in california
If your LTCG on that sale is this large, you may want to consider doing a 1031 exchange.
@Asset_Impetus want to get out real-estate we are in 70s time to retire ....
Also, if you live on the property for 2 years, you won't have to pay federal capital gains. Some states will do the same but I'm not sure if California is one of them. Something to look into.
@sandraromero5899 thank you I knew about the 2 yrs but my question was if our combined income is less than 70k aren't our capital gain tax at 0%?
@@michaelgee382if that was the case then people with only capital gains income would never owe taxes 😉.