ilmscore | Prediction Details
"The first thing that every wealthy person tries to do which is something that anybody can do is they work to recategorize their income. They don't just work for this ordinary income. They invest their money into assets. That way they can earn this type of income. Portfolio income is when you own an investment and you sell it for profit. This is like your stock market investment income assuming you own your investments for longer than a year. And your passive income is things like rental checks or real estate properties. This is a different type of investment income and it comes with its own set of tax deductions."
By Minority Mindset | March 3, 2024 | Pending
From video
MASTERCLASS: The SECRET To Never Be Broke Again 00:53:43 - 00:54:13
Interpreted Prediction
Wealthy individuals re-categorize their income by investing in assets to earn portfolio and passive income, which often come with lower tax rates and more deductions than ordinary earned income.

Prediction Details

Topic
Income Recategorization

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