ilmscore | Prediction Details
"you have ordinary income this is the money you make from your job your W2 income you have your portfolio income this is essentially your investment income if you buy a stock and sell it for a profit two years later that's considered portfolio income and then you have passive income this is the income you make from a business that you passively own this could be something like real estate rental income do you want to know which taxable income has the highest tax rate and the lowest amount of tax deductions that you can take take a guess well this one right here the money make from your job you're going to pay the highest tax rates here and you get the lowest deductions"
By Minority Mindset | March 17, 2024 | Pending
From video
How To Make $100,000 Per Year - STEP BY STEP 00:43:30 - 00:44:10
Interpreted Prediction
Ordinary income (from jobs) is taxed at the highest rates with the fewest deductions, while portfolio income (from long-term investments) has lower tax rates, and passive income (from businesses) offers more deductions.

Prediction Details

Topic
Income Categories and Tax Rates

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