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Google loopholes in capital gains taxes. Lots of ways to avoid them. The wealthy can hire experts.

I'm familiar but none of them are very good. The only really good way to avoid capital gains taxes is to die and use your estate tax exemption on the securities you hold. Which is why increasing the estate tax rate and decreasing it's exemption in tandem with an increase in capital gains is the best way to tax the wealthy.

Who would pass these capital gains taxes? Politicians, right? The same ones who can be influenced by lobbyists?

When these laws are passed, will assets be sheltered by accountants?

I know a Bitcoin millionaire. He avoided capital gains taxes this year by upgrading his Jeep. The money that would have gone to taxes, he used instead for upgrades, because of a loophole that permits upgrades to be taxed at a much lower rate.

They’re smart, the rich.

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