ilmscore | Prediction Details
"our tax code taxes you differently based off of how you earn your money if you are a W2 employee you pay the highest tax rates that a tax code has to offer it's called ordinary income tax rates some people call them earned income tax rates same thing those are the highest tax tax rates that our tax code has you also qualify for the least amount of deductions when you become an investor you fall into a different bucket of income category you're no longer earning money this is considered portfolio income sometimes passive income depending on how you're generating your investment income this investment income your capital gains comes with lower tax rates and potentially higher tax breaks depending on how you earn that money"
By Minority Mindset | February 28, 2025 | Pending
From video
Trump's Tax Cuts Are Approved By The House - My Honest Thoughts 00:18:34 - 00:19:31
Interpreted Prediction
The US tax code imposes higher rates on W2 employees compared to investors, who benefit from lower capital gains tax rates and potentially more deductions.

Prediction Details

Topic
Tax System

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