We look forward to the Van Mueller newsletter every month. It's chock-full of sound bites, sales tips, and eye-opening statistics. Here are our favorite parts of the January 2020 edition. We're sharing the full introduction, and 2 of the 7 monthly sales ideas. If you like what you read, we encourage you to click here and become a subscriber.
Reprinted with the author's permission.
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January 2020 – 7 Ideas and Views Newsletter by Van Mueller
I am attempting to make this month’s newsletter the most useful newsletter I have ever prepared. With the President signing into law the new SECURE ACT, there will be many important changes to retirement and income planning in the years ahead.
The new law reduces and could possibly restrict the opportunity for rollovers from 401(K)s to IRAs. It reduces the inherited IRAs “stretch provision” from lifetime to a maximum of 10 years. For the record, I believe future legislation will reduce the “stretch provision” to 5 years or less. Annuities will be allowed to be used inside 401(K)s. There are other provisions that will be shared in articles I will provide in one of the sales ideas.
What is vitally important for the American people and agents and advisors to understand is that the government is doing everything in its power to encourage the American people to take a tax deduction now on a small amount of contribution when taxes are as low as they will ever be in our lifetimes again. Why are they doing this? Isn’t it dramatically apparent that our government will need enormous amounts of additional revenue in the future to deal with the ever-increasing challenges of debt and demographics, just to name a couple?
What is vitally important for the American people and agents and advisors to understand is that the government is doing everything in its power to encourage the American people to take a tax deduction now on a small amount of contribution when taxes are as low as they will ever be in our lifetimes again.
It is predicted that our country which is $23 trillion in debt currently will be $30 trillion in debt by 2023 and $40 trillion in debt by 2028 and $100 trillion in debt by 2040. This information is provided by sources like the www.usdebtclock.org and the Congressional Budget Office. We are building overwhelming debt at every level of government. We are building ridiculous corporate and business debt. The American people as individuals are more in debt than they have ever been in history. I was always taught that “Debt signals the need for life insurance.” If our customers can’t afford the premiums for life insurance to offset the debt if they die, their survivors certainly cannot afford the debt. We assume people are thinking in an organized manner about issues like these. Don’t ever assume that. Always ask if they realize the predicament they are creating for personal and business survivors.
American and global demographics will continue to put enormous pressures on government, businesses, healthcare and individuals.
America has 74 million Baby Boomers born between 1946 and 1964. If you add 65 years to 1964, by 2029 every Baby Boomer in our country and the world for that matter will be over the age of 65. America also has 66 million Generation Xers that were born between 1965 and 1980. If you add 65 years to 1980, by 2045 every Generation Xer will be over the age of 65. That is 140 million Americans turning 65 over the next 25 years. The unfunded liability for Social Security is $20 trillion. The unfunded liability for Medicare is $31 trillion. The unfunded liabilities of the United States according to the U.S. Debt Clock is $127 trillion. According to Professor Laurence Kotlikoff of Boston University, the “Fiscal Gap” for the United States now exceeds $239 trillion. He reported this updated number in May of 2019. I am sure the number is even higher now.
China has 535 million Baby Boomers; that is almost 42 percent of their population. Globally, one out of every seven people on planet earth will be over age 65 by 2030. I like to jokingly comment that pretty soon the whole world is going to look like Florida.
Globally, one out of every seven people on planet earth will be over age 65 by 2030. I like to jokingly comment that pretty soon the whole world is going to look like Florida.
We must use this information in the form of questions to inspire the rich, the middle class and the poor to understand that they must take action now because taxes of all kinds will need to be increased in the future. We will be raising income taxes, social benefit taxes like Social Security and Medicare, property taxes and sales taxes. Taxes will certainly be increased for every level of society. Opportunities to reduce income tax liability in the future will almost assuredly be reduced or eliminated.
Does it make sense to our customers then to take a small tax deduction on a small amount of money now and build up a large amount of taxable revenue in the future for the government? Or, would it be smarter and more beneficial to families and businesses to pay taxes now on a small amount of money at the lowest tax rates that will ever be available again in our lifetimes so we can build a large amount of money that the government can never get their hands on again?
Please understand, TAXES WILL BE HIGHER IN THE FUTURE! There are 140 million Baby Boomers and Generation Xers who will want their Social Security and Medicare benefits. Here is a great juxtaposition for you. Did you know that only 138 million people voted in the 2016 Presidential election? Do you think the Baby Boomers and Generation Xers have the votes to get their benefits? There is no doubt.
Please understand, TAXES WILL BE HIGHER IN THE FUTURE! There are 140 million Baby Boomers and Generation Xers who will want their Social Security and Medicare benefits.
One more thing before I get started with updating the information I provide every January in this newsletter. If you want to dramatically increase your level of assistance to the American people and you want to rise to the level of success you dream about, you must, I repeat, you must have a basic understanding of income tax law. I believe the easiest way to do that is to go to www.irs.gov. Find forms and publications and print out the entire 1040 instructions booklet. It is around 115 pages. Read it. Then read it again and again. The 2018 booklet is the latest available. The 2019 will not be made available until the middle of January 2020. Pay particular attention to these pages.
Page 33 – How much of your Social Security is taxable
Page 35 – The Standard Deduction for people over age 65
Form 1040 – The Standard Deduction for people under age 65
Page 112 – Income and outlays for our government
Page 113 – Tax tables
We will update what pages this information will be available on when the 2019 1040 tax instructions booklet becomes available.
The second easiest way to learn how to use income tax knowledge will be provided right now in this newsletter. I am updating all the numbers to reflect 2020 tax law. I will also do something additional this year. I will write a narrative to go along with the presentations. I will be showing you how to have a conversation about the information provided.
Before I begin, please allow me to provide some caveats. This example DOES NOT include state income taxes. Here’s why: Some states do not have income taxes. Many states do not tax Social Security. There are so many permutations. This is one example. I used an example with Social Security so you can explain why even having 85 percent of your Social Security is preferable to waiting and having 100 percent of your 401(K), IRA, 403B or 457 taxable after you have built it into a large amount of money.
There are unlimited examples of how to use this information. This one example tries to cover as many bases as possible to expand your creativity when it comes to providing quality answers for all the challenges our prospects and clients will face in the future.
There are unlimited examples of how to use this information. This one example tries to cover as many bases as possible to expand your creativity when it comes to providing quality answers for all the challenges our prospects and clients will face in the future.
I am really excited about sharing all this updated information with you and I am really excited to add some narrative to the presentation. Let’s get started with the 2020 presentation.
Married Couple Over Age 65
(Assumes $30,000 of Annual Social Security:
This is the Average Social Security)
1. Social Security: $30,000
Standard Deduction in 2020: $27,400
Total Income: $57,400
How Much is Taxable of the $57,400? $5,200
A married couple could withdraw $27,400 of fully taxable money in addition to their $30,000 of Social Security and only pay taxes on $5,200, which would be $520.
$27,400 = $0
This is the taxable Social Security $5,200 = $520
Total = $ 520
This couple could withdraw $57,400 of Social Security and fully taxable money every year for 20 years for a total of $1,148,000 and only pay $10,400 in federal income taxes over 20 years. That is less than 1 percent tax.
ASK THEM IF THEY SHOULD DO THIS!
20 years is the average life expectancy for couples over age 65. Many live for 25 or 30 years.
I want to write a number of things under number 1 above because you will use the information in this section the most. The number you should pay attention to is $57,400 in this example. Very simply stated, if any of your customers have less than $57,400 of gross income that includes their Social Security, they should be withdrawing the difference and paying income tax now at THEIR tax bracket. If a client has an income of $50,000 including their Social Security wouldn’t it be beneficial to withdraw another $7,400 per year of fully taxable income if it would only cost them $520 in taxes to eliminate the taxes on that money forever? In 10 years removing the income tax liability on $74,000 would be $5,200. In 20 years, it would cost them $10,400 in taxes to eliminate the tax liability on $148,000 of fully taxable money. Why wouldn’t everyone do that?
There are so many examples. Let’s say a retired couple living on $30,000 of Social Security received a required minimum distribution of $11,000. That would be the approximate RMD on $300,000 of qualified money. Wouldn’t the proper recommendation be to ask why they aren’t taking another $16,400 out of that qualified money to eliminate the income tax liability forever on that money? That’s $16,400 per year in a cash value life insurance policy that turns $164,000 of forever taxed money into $164,000 of never taxed money that now provides a leveraged death benefit and the ability to cover long term care without wasting any premiums.
You are turning inefficient and ineffective money into money that is now effective and efficient. Here’s an example. Ask them to consider that they have never met you. Then, put one of them in the nursing home for two years before they die. If nursing home is $80,000 per year, there is literally nothing left of the $164,000 in the IRA or 401(K). Now if there is $164,000 of cash value in a cash value life insurance policy that has only a $300,000 face amount, couldn’t our client use $150,000 of the cash value over the last two years in the nursing home and then have that asset replenished at death by the life insurance face amount? Ask them if they know anything in the world that can do that. Then say I have a surprise for you. If you don’t need the cash value while you are alive you didn’t waste one cent of premium. Your family, business or charity will get $300,000 income tax free. Ask them again. Do you know of anything else in the world that can do that?
You are turning inefficient and ineffective money into money that is now effective and efficient.
Remember, if they live on their Social Security, using the average I provided, they could withdraw $27,400 per year of fully taxable income and ONLY pay $520 in taxes. If they live on $55,000 per year, they could use the $2,400 to buy life insurance which would help to offset any income tax liability on qualified money. The total income tax liability in example number one is $520. Shouldn’t every one of our customers know this information?
2. Social Security: $30,000
Standard Deduction in 2020: $27,400
10% tax bracket: $19,750
Total Income: $77,150
How Much is Taxable of the $77,150? $68,578
A married couple could withdraw $47,150 of fully taxable money in addition to their $30,000 of Social Security and only pay taxes on $68,578, which would be $4,594.
$27,400 = $0
$19,750 = $1,975
$21,828 = $2,619
Total = $4,594
This couple can withdraw $77,150 of Social Security and fully taxable money every year for 20 years for a total of $1,543,000 and only pay $91,880 ($4,594 x 20 years) in federal income taxes over 20 years. That is 5.95 percent effective tax rate.
Number 2 is just an extension of number 1, but now I have added the entire 10 percent tax bracket to the withdrawal. The 10 percent tax bracket is $19,750. If you add the $30,000 of Social Security and the $27,400 Standard Deduction and the entire 10 percent tax bracket, they add up to $77,150. Using the Social Security chart available on page 33 of the 2018 1040 instructions, we can calculate how much of the Social Security is taxable. We determine that only $21,428 of the Social Security is income taxable in this example. So, even though we have a gross income of $77,150, only $68,578 is subject to income tax. That liability is $4,594. If we divide $4,594 by $77,150, we find that our effective tax rate is 5.95 percent. Ask our customers if for less than 6 percent per year they could eliminate the income tax liability on an additional $19,750 of fully taxable money, would they do it? The vast majority will do it in a heartbeat. The reallocated money can be used for protective purposes like long term care and out of pocket healthcare costs. It can also provide tax free supplemental income late in life. This is a more effective use of the money than leaving it in an IRA or 401(K).
The reallocated money can be used for protective purposes like long term care and out of pocket healthcare costs. It can also provide tax free supplemental income late in life.
3. Social Security: $30,000
Standard Deduction in 2020: $27,400
10% tax bracket: $19,750
12% tax bracket: $60,500
Total Income: $137,650
How Much is Taxable of the $137,650? $133,150
A married couple could withdraw $107,650 of fully taxable money in addition to their $30,000 of Social Security and only pay taxes on $133,150, which would be $14,845.
$27,400 = $0
$19,750 = $1,975
$60,500 = $7,260
$25,500 = $5,610
Total = $14,845
This couple can withdraw $137,650 of Social Security and fully taxable money every year for 20 years for a total of $2,753,000 and only pay $296,900 ($14,845 x 20 years) in federal income taxes over 20 years. That is 10.78 percent effective tax rate.
Number 3 is how you begin to write really large cases. That is why I worked so hard on the November 2019 and December 2019 newsletters. I wanted to make available to you a substantial amount of thirdparty information showing you just how dramatic the governments at every level will require more revenue. Using those two newsletters you can ask the customer if they are building revenue for themselves or for the Internal Revenue Service and government? Then, you apply these strategies to begin a process of income tax reduction and reallocation of these funds to a more effective and efficient use. In number 3 we are using the entire Standard Deduction. The entire 10 percent income tax bracket and the entire 12 percent income tax bracket. That amount with Social Security added is $137,650. Because 85 percent of the Social Security is taxable only $133,150 of the $137,650 is taxable.
Think of this example: A couple needs $70,000 to live. They could withdraw $137,650. The income tax on that is $14,845. Add that to the $70,000 they need to live on and subtract it from the $137,650. That would leave $52,805 that could be reallocated to cash value life insurance or an annuity if they are uninsurable and the effective tax rate would be 10.78 percent. Ask your client this question: If you could eliminate the income tax liability on $137,650 for less than 11 percent would you do it? These examples can be very valuable for someone with $300,000 to $1,000,000 in qualified money.
4. Social Security: $30,000
Standard Deduction in 2020: $27,400
10% tax bracket: $19,750
12% tax bracket: $60,500
22% tax bracket: $90,800
Total Income: $228,450
How Much is Taxable of the $228,450? $223,950
A married couple could withdraw $198,450 of fully taxable money in addition to their $30,000 of Social Security and only pay taxes on $223,950, which would be $35,331.
$27,400 = $0
$19,750 = $1,975
$60,500 = $7,260
$90,800 = $19,976
$25,500 = $6,120
Total = $35,331
This couple can withdraw $228,450 of Social Security and fully taxable money every year for 20 years for a total of $4,569,000. They would only pay $706,620 ($35,331 x 20 years) in federal income taxes over 20 years. That is 15.47 effective tax rate.
If you understand number 4 and number 5 when we get to it, you can have amazing conversations with customers who make a lot of income or have large amounts of qualified money. The conversation remains the same. Now I am using the entire 22 percent income tax bracket: That is another $90,800. If I add the Social Security, the Standard Deduction and the 10, 12 and 22 percent income tax brackets, I could withdraw $228,450. $223,950 would be income taxable. The total tax is $35,331. If we divide $35,331 by the $228,450 the effective tax rate is 15.47 percent. Let’s do the math. If my customer needs $100,000 to live on and pays $34,331 in income taxes that leaves $91,119 that can be reallocated to something better while completely eliminating the income tax on that $91,119 forever and the cost was 15.47 percent. Why wouldn’t everyone do that if they understood the math and they truly believed that income taxes would be higher, even much higher in the future? Why aren’t we having conversations like these with EVERYONE who has qualified money? Are we beginning to realize that even people with money do not recognize the opportunity available? Shouldn’t we ask them?
5. Social Security: $30,000
Standard Deduction in 2020: $27,400
10% tax bracket: $19,750
12% tax bracket: $60,500
22% tax bracket: $90,800
24% tax bracket: $155,550
Total Income: $384,000
How Much is Taxable of the $384,000? $379,500
A married couple could withdraw $354,000 of fully taxable money in addition to their $30,000 of Social Security and only pay taxes on $379,500, which would be $74,703.
$27,400 = $0
$19,750 = $1,975
$60,500 = $7,260
$90,800 = $19,976
$155,550 = $37,332
$25,500 = $8,160
Total = $74,703
This couple can withdraw $384,000 of Social Security and fully taxable money every year for 20 years for a total of $7,680,000. They would only pay $1,494,060 ($74,703 x 20 years) in federal income taxes over 20 years. That is 19.45 effective tax rate.
Number 5 uses the entire 24 percent income tax bracket. That bracket allows $155,550 of income taxed at 24 percent. The MARGINAL tax rate for this transaction would be 24 percent.
However, let’s do the math together. If we withdraw the $30,000 of Social Security, the Standard Deduction and the 10, 12, 22 and 24 percent income tax brackets we would withdraw $384,000. The income tax on that withdrawal is $74,703. If our customer needs $150,000 per year to live on, that leaves $159,297 that can be reallocated at an effective tax rate of 19.45 percent.
Ask your customers if it would be worthwhile to eliminate, forever, taxes on millions of dollars at less than 20 percent. Most customers are astonished when they become aware that something like this is possible.
Here is some additional information for you consider. Why do I stop at the 24 percent bracket? For me the answer is that the effective tax rate remains under 20 percent. It minimizes the rate below anything they thought they would ever pay.
Additionally, I always ask Grandmas and Grandpas what their children or grandchildren will do when they inherit this money. Will they take advantage of opportunities like the stretch provision even reduced to its 10-year maximum level or will they take the money as quickly as possible without regard for the income tax liability. They always say they would take the money. Then ask, what if you could reduce or eliminate the tax liability while you are alive to preserve the majority of this money for your family?
Would you do it? Way more often than not they show interest. They do not want to see what they have worked their whole life for being decimated by income taxes.
Numbers 6, 7, 8, 9 and 10 are a summary of the information I have shared with you so far. Learning to use this information will become a real game changer for your career.
Americans are astonished to discover that they still have an opportunity to manage their income tax liability. What do you think they think about the agent or advisor who brings them this information? WOW!
Americans are astonished to discover that they still have an opportunity to manage their income tax liability. What do you think they think about the agent or advisor who brings them this information?
6.
#1. Pay only $10,400 to eliminate taxes on $1,148,000 over 20 years. The effective tax rate is less than one percent.
#2. Pay only $91,880 to eliminate taxes on $1,543,000 over 20 years. The effective tax rate is 5.95 percent.
#3. Pay only $296,900 to eliminate taxes on $2,753,000 over 20 years. The effective tax rate is 10.78 percent.
#4. Pay only $706,620 to eliminate taxes on $4,569,000 over 20 years. The effective tax rate is 15.47 percent.
#5. Pay only $1,494,060 to eliminate taxes on $7,680,000 over 20 years. The effective tax rate is 19.45 percent.
7. The magic of the progressive tax law is that the client can control their income tax liability during a period of historically low tax rates. If they wait until they die the tax liability could easily increase to 30 or 40 or even 50 percent because it is now controlled by the Internal Revenue Service.
8. At each of the above income levels you can reallocate “forever taxed” money into “never taxed” products like annual premium life insurance, modified endowment contracts (MECs) or preferentially taxed products like annuities if the prospects or clients are uninsurable. You can reallocate the money after it has been withdrawn and the taxes have been paid on the withdrawals.
9. This strategy is used to reduce or eliminate taxes on IRA and 401k withdrawals. This can also be used to eliminate deferred gains on existing annuities. It can be used to eliminate capital gains taxes for people in the 0%, 10% and 12% tax brackets. Remember The Rule of 108-12. If a married couple over age 65 make less than $107,650 they are in the 12 percent ordinary income tax bracket. That puts them in the 0% capital gains tax bracket. This is a great opportunity to access capital gains in stocks, bonds, mutual funds and real estate.
10. Life Insurance and Annuities Also Feature These Benefits:
A. No Probate (with named beneficiaries)
B. Incontestable and Private
C. Control from the grave
D. Creditor and predator protection
E. Medicaid versatility
Now, I will provide the same information but now my customer is single. This is an opportunity to move large amounts of inefficient and ineffective qualified money to better allocations with the taxes reduced or eliminated.
Single Over Age 65
(Assumes $15,000 of Annual Social Security:
This is the Average Social Security paid)
1. Social Security: $15,000
Standard Deduction in 2020: $14,050
Total Income: $29,050
How Much is Taxable of the $29,050? $0
A single person couple could withdraw $14,050 of fully taxable money in addition to their $15,000 of Social Security and pay no taxes. None of this person’s Social Security would be taxable in this example.
This person could withdraw $29,050 of Social Security and fully taxable money every year for 20 years for a total of $581,000 and pay no federal tax: None!
Let’s say the client lives on $27,050 per year. You could show them that they could withdraw another $2,000 per year of fully taxable money and pay no income tax. What could you do with that additional $2,000 per year? Of course, a cash value life insurance program.
2. Social Security: $15,000
Standard Deduction in 2020: $14,050
10% tax bracket: $9,875
Total Income: $38,925
How Much is Taxable of the $38,925? $27,138
A person could withdraw $24,925 of fully taxable money in addition to their $15,000 of Social Security and only pay taxes on $27,138, which would be $1,374.
$14,050 = $0
$9,875 = $988
$3,213 = $386
Total = $1,374
This person could withdraw $38,925 of Social Security and fully taxable money every year for 20 years for a total of $778,500 and only pay $27,480 ($1,374 x 20 years) in federal income taxes over 20 years. That is 3.53 percent effective tax rate.
3. Social Security: $15,000
Standard Deduction in 2020: $14,050
10% tax bracket: $9,875
12% tax bracket: $30,250
Total Income: $69,175
How Much is Taxable of the $69,175? $66,925
This person could withdraw $54,175 of fully taxable money in addition to their $15,000 of Social Security and only pay taxes on $66,925, which would be $7,423.
$14,050 = $0
$9,875 = $988
$30,250 = $3,630
$12,750 = $2,805
Total = $7,423
This person could withdraw $69,175 of Social Security and fully taxable money every year for 20 years for a total of $1,383,500 and only pay $148,460 ($7,423 x 20 years) in federal income taxes over 20 years. That is a 10.73 percent effective tax rate.
4. Social Security: $15,000
Standard Deduction in 2020: $14,050
10% tax bracket: $9,875
12% tax bracket: $30,250
22% tax bracket: $45,400
Total Income: $114,575
How Much is Taxable of the $114,575? $112,325
This person could withdraw $99,575 of fully taxable money in addition to their $15,000 of Social Security and only pay taxes on $112,325, which would be $17,666.
$14,050 = $0
$9,875 = $988
$30,250 = $3,630
$45,400 = $9,988
$12,750 = $3,060
Total = $17,666
This person could withdraw $114,575 of Social Security and fully taxable money every year for 20 years for a total of $2,291,500. They would only pay $353,320 ($17,666 x 20 years) in federal income taxes over 20 years. That is a 15.42 effective tax rate.
5. Social Security: $15,000
Standard Deduction in 2020: $14,050
10% tax bracket: $9,875
12% tax bracket: $30,250
22% tax bracket: $45,400
24% tax bracket: $ 77,775
Total Income: $192,350
How Much is Taxable of the $192,350? $190,100
This person could withdraw $177,350 of fully taxable money in addition to their $15,000 of Social Security and only pay taxes on $190,100, which would be $38,072.
$14,050 = $0
$9,875 = $988
$30,250 = $3,630
$45,400 = $9,988
$77,775 = $18,666
$15,000 = $4,800
Total = $38,072
This person could withdraw $192,350 of Social Security and fully taxable money every year for 20 years for a total of $3,847,000. They would only pay $761,440 ($38,072 x 20 years) in federal income taxes over 20 years. That is a 19.79 effective tax rate.
Ask all of these people, “If you could eliminate taxes on huge amounts of money for tax rates of 20 percent or less, WOULD YOU? Do you want to be in control of the taxes you pay, or do you want to leave the control to the Internal Revenue Service and the government?” Americans need to understand this is available to them.
If I were a new or an experienced agent and advisor, I would read this information countless times until the discussion of its benefits was second nature to me. I would want to be so well versed in the information that it would become instinctive. I would hear someone just mention a word and I would be able to start a conversation with them by asking them a few questions. When a prospect or client goes through a process of discovery with this information, they feel like they have discovered something no one else knows. It is exciting to them. It inspires our customers to take action.
I believe the November 2019 newsletter and the December 2019 newsletter and this newsletter, the January 2020 newsletter lay the groundwork for a successful career in our industry. If you could just study three newsletters and enjoy the success you’ve dreamed about while helping the people you call on, wouldn’t you learn those techniques inside and out?
Please consider this the first day of the rest of your career. The next decade will provide opportunities for us as insurance agents and advisors that we couldn’t have even dreamed about 10 years ago.
Don’t Miss This Opportunity! Please Learn This Information!
We will have an abbreviated 7 sales ideas this month because of the expanded opening. I have some articles that I believe you should add to your arsenal.
Idea #2: Are My Social Security Benefits Taxed?
This will be a perfect addition to the newsletter. It supports the information as the beginning of this month’s newsletter. Please read and understand this information.
Title: How Much Tax Will I Owe on My Social Security Benefits?
www.fool.com/ (The Motley Fool, December 15, 2019)
https://www.fool.com/retirement/2018/12/02/how-much-tax-will-i-owe-on-my-social-security-bene.aspx
Idea #3: How to Pay 0 Percent on Capital Gains
I created a rule for myself called the Van Mueller rule of 108-12. What it essentially means is that a married couple over the age of 65 filing a joint income tax return can make $108,000 of taxable income and still be in the 12 percent income tax bracket. Under capital gains law, this couple can be in the 12 percent or 10 percent or 0 percent tax bracket and pay 0 percent long term capital gains tax. Knowing this allows you to find money at the end of a long bull market and extract the gains with little or no income tax. This important information works perfectly with the information provided at the beginning of this month’s newsletter. This will help you to understand long term capital gains.
Title: These taxpayers can cash in their investments with 0% capital gains taxes
www.cnbc.com (CNBC, December 21, 2019)
https://www.cnbc.com/2019/12/12/how-to-cash-in-your-investments-with-0percent-capital-gains-taxes.html
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