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‼️WTF are capital gains taxes? Short-term v. Long-term explained: 💵Let’s say you buy a share of a company and then sell it for more than you bought it for…you make a profit…which is awesome. But, you do have to pay capital gains taxes on your profit which is…less awesome. 💸You can, however, lower your tax bill if you hold onto your investment for more than a year. Here’s the secret: there are two types of capital gains taxes: short-term and long-term…short-term taxes apply if you sell a stock
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‼️WTF are capital gains taxes? Short-term v. Long-term explained…
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