ilmscore | Prediction Details
"if I was a doctor and I made a million dollars as a surgeon I'm going to pay half of that money in taxes when you factor in your federal taxes your state taxes your FICA taxes it's going to be at least half depending on which state you live in sometimes even a little bit more but if I made that money as an investor I bought this stock and I made a million dollars in profit and I sold it a few years later that's called long-term capital gains and that's taxed differently than my job income which is called your ordinary income your ordinary income is taxed at the highest tax rates that a tax Cod has to offer"
By Minority Mindset | May 22, 2024 | Pending
From video
You Are Trained To Be POOR - Don't Do These 10 Things 00:12:47 - 00:13:17
Interpreted Prediction
Earning $1 million as a surgeon would result in paying approximately half in taxes due to ordinary income tax rates, while earning $1 million in long-term capital gains from stock investments would be taxed at a lower rate, potentially around 20%.

Prediction Details

Topic
Income vs. Wealth

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