ilmscore | Prediction Details
"our tax code is designed to benefit the financially educated now how do I know that because guess who gets the biggest tax tax breaks and the lowest tax rates it's not the consumers who are just earning money from their job it's the investors and the business owners because guess what if we just assume now these are people who earned money from your job if you earned a million dollars working as a doctor or as a CEO versus you generated a million dollars from your Investments who do you think is going to keep the most money at the end of the day now you might think wait a million dollars as an investment and a billion dollars from a job is the same thing well maybe it is to you but it's not the same in the eyes of the IRS or the tax code because according to the tax code you get to pay a lower tax rate on those taxes as an investor than a million dollars from a doctor and maybe you get more tax breaks as an investor versus a doctor as a doctor you might have to pay half of that money in taxes which means you might be left with $500,000 as an investor you might be paying 20% to 0% of the income in taxes depending on how you invested your money meaning after that whole tax bill you might be left with $800,000 to a million $800,000 to a million is a lot more than $500,000 after taxes if you earn that money just as an employee"
By Minority Mindset | February 15, 2024 | Pending
From video
My 10 Step Checklist To Become A Millionaire 00:08:49 - 00:10:07
Interpreted Prediction
The US tax code offers preferential tax treatment, including lower rates and more breaks, to investors and business owners compared to employees earning income from a job, leading to a higher net amount retained.

Prediction Details

Topic
Tax Code

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