"0% Capital Gains Rate? The Tax Cut and Jobs Act passed at the very end of 2017 created a lot of new tax planning opportunities. Are you aware that the Act included an often overlooked section which section provides taxpayers with an incentive for investing capital in opportunity zones across the country. Under the program, taxpayers may reinvest capital gains from other investments into an Opportunity Zone. This investment provides temporary deferral or permanent exclusion of the capital gains tax if the investment remains in a Zone for a required period of time."
Capital gains already receive favorable tax rates. But did you catch it? "temporary deferral or permanent exclusion of the capital gains tax"
If you can reinvest your capital in a specific zone for a certain amount of time, you can get out of paying any capital gains tax.
It's pretty clear who this benefits. Those with money can legally shield their gains so they don't pay any tax. This is bullshit.
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