Long Term Capital Gains are 15% or 20% of the sale price!

Capital Gains – Long Term 15% or 20% when selling a business!

Web site:  www.TheTrustIsYou.com
My podcast is called Stop Paying Capital Gains, NOW!

Please listen and like it, thank you.

IRS Tax Tip 2003 - 29 "Almost everything you own or use for personal purpose, pleasure, or investment is a capital asset."

 The Federal Government taxes Long Term Capital Gains at 0%, 15%, or 20%.

0% is for Nonprofits, lucky them!


I am not a CPA and cannot tell you if you will be charged 15% or 20%, but if your asset is in the Beneficial Spendthrift Trust it won’t matter!

This is a true story, before Christmas 2022, a grown son saw one of my TikTok videos about Capital Gains.  My handle on TikTok is @spendthrifttrust and I have over 12.6 thousand followers!

Tom, the son knew his dad, Jim, was planning on selling the 42-year-old family restaurant in March and set up a Zoom meeting with the 3 of us.  It was the first time Jim had been on zoom.

He told me he was selling the restaurant for $3,000,000 as is, all the equipment, food, and recipes on March 15, 2023.  I explained to Jim and Tom that Capital Gains would be $450,000 or $600,000 due April 15, 2024, or they could start the Trust.

Jim was more excited about leaving a legacy for his children and grandchildren.

We agreed that Jim would approach his business broker, and explain that I would need to speak with him.  The name of the paperwork would have to be changed and a new bank account would be opened for the sale payment.  His business broker asked me for more information and said he had 3 clients he wanted to introduce me to.  By the way, for any referral that buys a Trust, I have a JV agreement, 2nd stream of income for the business broker.

On March 15, 2023, I received a call from Jim’s wife, Ellen crying happy tears, she knew about the Trust, but not how much it was saving them in taxes.  They are moving to Florida and we laughed about her contacting the Lottery Dream Home guy to find them a 2-bedroom condo for $450,000!

The Business Trust is for 1099 Income

The Beneficial Trust is for Investors.

Stop paying Capital Gains, Interest Income, Dividend Income, Rental Income, and Royalties taxes year after year.

My website is www.TheTrustIsYou.com
My Podcast is called Stop Paying Capital Gains, NOW!m