the.com/capital gains
money making money, then getting taxed less for the privilege.
means the profit you pocket when you sell an asset for more than you paid for it.
from from capital, latin caput meaning head, as in the head of your wealth, the principal sum that grows a second head of profit when sold.
long vs shorthold over a year, tax rate usually drops
unrealized gainspaper profit, untaxed until you actually sell
lower than wagesoften taxed less than income you work for
step-up basisinherited assets can erase gains at death