Capital Gains Tax Rates 2024 | How Do Taxes on Capital Assets Work?

Published: 07 June 2024
on channel: Karlton Dennis

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Many people in America are unaware of the capital gains tax rates. However, if you have capital gains, then it is crucial to fully understand the capital gains tax rates for both long-term and short-term capital gains. In this video, tax expert Karlton Dennis provides a full explanation of capital gains tax rates in America.

Karlton also explains what capital assets are and provides examples of many different types of capital assets. Additionally, he provides examples of how much people would owe in capital gains taxes in various different circumstances.

This video is ideal for anyone who wants to get a better understanding of how capital gains taxes work. Generally speaking, long-term capital gains taxes have a more favorable tax treatment than short-term capital gains taxes. The reason why this is the case is explained in this video.

CHAPTERS:
0:00 Intro
0:41 What are Capital Assets?
1:31 Short-Term Capital Gains
2:59 Long-Term Capital Gains
4:46 Case Studies
5:35 Capital Gains Taxes for Collectibles
6:47 Will the Capital Gains Tax Rates Change?
7:30 Recap
8:12 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#capitalgains #capitalassets #karltondennis

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