A Crash Course on Taxes and Harris’ Capital Gains Tax Proposal (Part 1)

Today, Paul gives a quick crash course on a topic that is getting more attention because of the rhetoric around capital gains and the Harris campaign: taxes and investing. Listen along as Paul walks you through how the financial industry uses tax planning to sell products, how to make a financial plan that includes diversification for tax planning, and why the idea that most Americans don’t pay capital gains taxes but should isn’t accurate. In a two-part episode, Paul explains why the tax system is designed to benefit the federal government and why a wider tax on capital gains should be viewed as a tax on inflation — which the government is involved in creating. 

 

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